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Trading in its stock was halted for three weeks. In early 2002, Take-Two said it had to restate seven quarters of financial returns, for the entire year of 2000 and the first three quarters of 2001. The stock was down nearly 19 percent, to $10.44, a 52-week low. The company's announcement, which came after the stock market's close, prompted a plunge in its shares in after-hours trading.

The company, which is based in New York, said it was cooperating with the investigation.

If Take-Two is the focus of the investigation, as the depth and nature of the questions it is being asked by prosecutors suggests, it would be the first time that a criminal inquiry into the activities of the company and its directors and executives had come to light. A spokeswoman at the district attorney's office declined to comment last night. The video game publisher Take-Two Interactive said yesterday that it had received a grand jury subpoena from the Manhattan district attorney's office, seeking information about a range of its business practices dating back to 2001 and the inclusion of sexually explicit material in one of its games.Įdward Nebb, a company spokesman, said the district attorney had not told Take-Two whether it or any of its executives or directors were targets of the grand jury investigation.