Take Two Interactive Software Inc 8-K, filed Sep 16, 2024
Take Two Interactive Software Inc (TTWO)
About this 8-K
Take Two Interactive Software Inc filed this 8-K on September 16, 2024, reporting on events of September 13, 2024.
Items reported
- Item 8.01: Other events
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| Item 8.01. | Other Events. |
On May 2, 2022, IBM filed suit against Zynga Inc. (“Zynga”), a wholly-owned subsidiary of Take-Two Interactive Software, Inc. (the “Company”), in the United States District Court for the District of Delaware. The suit alleged, in relevant part, that Zynga infringed its U.S. Patent Nos. 7,072,849 and 7,702,719. Starting on September 9, 2024, the case was tried before a jury, which, on September 13, 2024, returned a verdict finding that certain of Zynga’s games infringed each of the patents and awarding damages to IBM in the amount of $44.9 million. The patents at issue have expired and Zynga will not have to modify or stop operating any of the games at issue. Zynga believes this result is not supported by the facts and the law, and intends to seek to overturn the verdict and reduce or eliminate the damages award through post-trial motions and appeal.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TAKE-TWO INTERACTIVE SOFTWARE, INC. | ||
| By: | /s/ Matthew Breitman | |
| Name: | Matthew Breitman | |
| Title: | Senior Vice President, General Counsel Americas & Corporate Secretary | |
Date: September 16, 2024