EA’s Bid to Buy T2 Figures in Wall Street Insider Trading Charges

According to the Dow-Jones Newswire, federal investigators charged four men with today insider stock trading. One of the transactions named in the indictments was EA’s bid to acquire T2 earlier this year.

No one from either Take-Two Interactive or Electronic Arts has been charged and there is no indication that the publishers had any inkling of the illegal stock trades. If government regulators are correct, however, information leaks from the Brunswick Group, a P.R. firm working on behalf of Take-Two, contributed to the crime. From the Dow-Jones report:

Four people were charged criminally Thursday in an insider trading scheme involving information about mergers or stock buybacks obtained from a Lehman Brothers Holdings Inc. broker’s wife who worked at communications firm Brunswick Group LLC…

 

According to court documents, they were among a group of clients and friends tipped by Matthew C. Devlin, a Lehman Brothers broker, about 12 planned deals before their public announcements between 2005 and 2008…

 

Devlin allegedly obtained the information from his wife, who worked at communications firm Brunswick Group, according to court filings. The deals included… Electronic Arts Inc.’s (ERTS) hostile bid earlier this year for Take-Two Interactive Software Inc. (TTWO)…

 

Devlin has been charged criminally and in the SEC case… [other defendants]… referred to Devlin or his wife as the "golden goose," according to court documents.

The Guardian reports that there is no suggestion that Devlin’s wife, Nina, a partner at Brunswick, knew of her husband’s alleged stock market manipulations.

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68 comments

  1. 0
    Zerodash says:

    Given the utter lack of sympathy, and common bouts of gloating, over the misfortune of gamers and their families, you are in no position to expect any sympathy.  I could care less about what hurts you emotionally or otherwise- you deserve every bit of it.

    Also, your declarations of your disbarment being reversed are as useless as your life is.  Shall we list all the other announcements you have made over the years that never came to pass?

    – Your promised RICO suit against the ESA this past summer never happened.

    – You said that Bully would be banned and that you were winning.

    – You claimed you would never be disbarred because of the loyalty oath, gay lawyers, etc.

     

    Shall I go on?  There is plenty more.

  2. 0
    DavCube says:

    Finally, let me guess:  In Dennis’ top five events of the year, there won’t be the fact that Hal Halpin got a haircut.

    Well, duh. It’s not important. Just like how being on 60 minutes doesn’t exuse the fact that you’re a jerk. Feared killers have been on 60 minutes. Does that make them any less of a bad person?

    I put a couple of funny posts up here, and you go absolutely ape.  Can’t take a joke, huh?  Didn’t think so.

    In case you couldn’t tell, Mr. Thompson, we WERE laughing. Just not WITH you.

    Put so you gamers can understand it:  If somebody doesn’t agree with all of you, then you can’t handle it.  Poor babies.

    No, that actually explains YOU pretty well, Mr. ‘Everyone who posts on here deserves the death penalty.’

    I thought the Grand Theft Auto bailout idea was pretty funny.  So did the police.

    I doubt they knew, or cared.

    Wow, what a boring year, huh?  I’m having a ball out here.  Sorry to break the bad news to you.

    I frankly don’t care.

    And thanks for your condolences (not) about my dad dying.  Dennis McCauley took the occasion to harass me.

    Mr. Thompson, there hasn’t been a mention about your dad, or truly any article directly about you, on this site in over a month. Get a life.

    PS:  I will be reinstated by The Bar before you can say "bribery."

    You forgot the word ‘figuratively,’ genius.

    David "DavCube" Gagnon, an adult with a life, and You’re Not.

  3. 0
    NovaBlack says:

    I heard a lot of stuff went down a while back, and thought Jack hadnt posted in a while due to that. *sigh* guess he never learns.

    On Jack, genuinely sorry your dad died. I may not like you one bit, but wouldnt wish that on anyone. Just because i play video games doesnt make me a monster.

     

     

  4. 0
    BearDogg-X says:

    "If you want sympathy, look in the dictionary between shit and syphillius. That’s where you’ll find my sympathy." – Major Benson Winifred Payne, Major Payne, 1995

    Your dad gets my sympathy simply for having to deal with your worthless behind.

    Go practice what you preach: Grow up and get a life.

    Geaux Saints, Geaux Tigers, Geaux Hornets, Jack Thompson can geaux chase a chupacabra.


    Proud supporter of the New Orleans Saints, LSU, 1st Amendment; Real American; Hound of Justice; Even through the darkest days, this fire burns always

    Saints(3-4), LSU(7-0)

  5. 0
    hellfire7885 says:

    "If somebody doesn’t agree with all of you, then you can’t handle it.  Poor babies. "

    So says the sociopath hwo wants us all put ot death.

    "I will be reinstated by The Bar before you can say "bribery."

     That was your ace i nthe hole? That’s illegal good sir, then again ,you do endorse ilelgal activities, such as cyberstalking and harassment, if it means you get what you want.


  6. 0
    Shadow D. Darkman says:

    "PS:  I will be reinstated by The Bar before you can say ‘bribery.’"

    Just said it. You back on the Bar already? *snort*

    BTW, I’ve requested that they keep you around. You see, Wacko Jacko, you are funny, unlike most Internet Trolls out there. To block you would be what we call "1u1z-killing" which is bad.

    ——————————————————————————

    "Game on, brothers and sisters." -Leet Gamer Jargon

  7. 0
    Mr.Pat says:

    I think Jack just gave me and everyone else here an open invitation to troll his humanevents garbage. Please excuse me while I go ahead and take that invitation.

  8. 0
    hayabusa75 says:

    What was the cause of death?  Embarrassment?

    You’ll forgive me if I can’t muster any sympathy for someone who was directly responsible for bringing YOU into this world.  Considering how you turned out, I feel pretty safe about taking the low road on this one.

    "There is no sin except stupidity." – Oscar Wilde

  9. 0
    Kincyr says:

    Finally, let me guess:  In Dennis’ top five events of the year, there won’t be the fact that Hal Halpin got a haircut.

    read Matthew 7:3-5 regarding the haircut quip, hypocrite.

    PS:  I will be reinstated by The Bar before you can say "bribery."

    at least now we know how you intend to try.

    Poor babies.

    Didn’t Jesus say something regarding causing babies to stumble or something? Get your swim trunks Jack

    岩「…Where do masochists go when they die?」

  10. 0
    mrsstrausszelnick says:

    Dennis McCauley, can’t you geniuses at GamePolitics come up with some means by which to keep me off this site?  Come on, let’s get on it.

    Secondly, you gamers are the most utterly humorous dorks in the world.  I put a couple of funny posts up here, and you go absolutely ape.  Can’t take a joke, huh?  Didn’t think so.  As Bertrand Russell said, "Nothing bothers a noncomformist more than a noncomformist who won’t conform with the rules of nonconformity."  Put so you gamers can understand it:  If somebody doesn’t agree with all of you, then you can’t handle it.  Poor babies. 

    I thought the Grand Theft Auto bailout idea was pretty funny.  So did the police.

    Finally, let me guess:  In Dennis’ top five events of the year, there won’t be the fact that Hal Halpin got a haircut.  It will be that I was disbarred.  Wow, what a boring year, huh?  I’m having a ball out here.  Sorry to break the bad news to you.  And thanks for your condolences (not) about my dad dying.  Dennis McCauley took the occasion to harass me.  Thanks, Dennis.  I’ll remember that.  Jack Thompson (so block me already)

    PS:  I will be reinstated by The Bar before you can say "bribery."

     

  11. 0
    JDKJ says:

    How about we first subtract Patricia’s earnings from the total earings reported by that jointly-filed 1040 and then see what the result is? Please, Jack. Your broke ass ain’t got two plugged nickels to your name. Who you think you’re fooling?

  12. 0
    hayabusa75 says:

    1. Cashing your wife’s paycheck doesn’t technically count as making money.

    2. You may not have needed a bailout, but your career did.

    3. Yes, since you’re offering, let’s see that 1040, you arrogant fuck.

    "There is no sin except stupidity." – Oscar Wilde

  13. 0
    mrsstrausszelnick says:

    Actually, I made quite a bit of money this year, but you wouldn’t know that, would you Andrew in the trailer?  And I didn’t need a bailout.  Want to see my 1040 form?  Jack Thompson

  14. 0
    DavCube says:

    You were still falsely hiding your true identity. Oh wait, it was a joke, you say? Right, i forgot, you’re the only one who can joke about anything. Everyone else who speaks that doesn’t smother the sentence with the word ‘figuratively’ is always 100% serious. Mr. Thompson, get out of your little fantasy world. There’s grown-ups talking in the real world.

  15. 0
    Phalanx says:

    Do you think any of us care? I was merely pointing out your hypocrisy.

    If I need to get a grip, you need to get help.  You’re a sick man Jack.  I know you will never realize it because your disorder doesn’t allow it, but please go see a competent psychologist.  Not that quack you saw years ago.

  16. 0
    Phalanx says:

    Not to mention the fact that he’s hypocriticaly posing as someone else to make them look bad.  When others did that to him, he threatened lawsuits for slander and libel.

    Doing so himself makes him worse than the ones he threatened.

  17. 0
    Shadow D. Darkman says:

    "He’s banned again."

    LULZ-KILLERS!!! 

    ——————————————————————————

    "Game on, brothers and sisters." -Leet Gamer Jargon

  18. 0
    Shadow D. Darkman says:

    Guys, let’s keep him. He’s funny, unlike some other Trolls. (looks at Keddren and Deovirus)

    ——————————————————————————

    "Game on, brothers and sisters." -Leet Gamer Jargon

  19. 0
    black manta says:

    Yes, and let’s keep him banned.  I hate it when after a while people here go, "Oh, I miss him.  Let’s unban him." in the hopes that maybe he actually might be able to behave himself and contribute something useful this time.  No, he never has, he never does and he never will.  I say let him just stew and rant and rave over at Human Events and let him post his crazy Neocon conspiracy theories over there where all 10 of the sheeple who agree with him can read it.  I would have thought after having given him a taste of his own medicine in the wake of his comments about the Mumbai attacks that maybe it would have finally sunk in.  I guess it hasn’t.  But if it means having to play the equivalent of Whack-A-Mole and hit him with the banhammer every time he pops up his weasely little head here, so be it.

  20. 0
    Shadow D. Darkman says:

    I lawled. I lawled HARD. Go see my reply there.

    ——————————————————————————

    "Game on, brothers and sisters." -Leet Gamer Jargon

  21. 0
    BearDogg-X says:

    Sitting at home watching Oprah and eating Bon Bons like Peggy Bundy doesn’t count, loser.

    Practice what you preach: Grow up and get a life.

    Geaux Saints, Geaux Tigers, Geaux Hornets, Jack Thompson can geaux chase a chupacabra.


    Proud supporter of the New Orleans Saints, LSU, 1st Amendment; Real American; Hound of Justice; Even through the darkest days, this fire burns always

    Saints(3-4), LSU(7-0)

  22. 0
    Zerodash says:

    I just love how Jack Thompson has been reduced to nothing more than an internet troll FULL TIME.  He has actually become the "gamer stereotype": an unemployed grown man being supported by his mom/spouse with nothing better to do all day than spam internet forums with his nonsense.  Way to go.

     

    I especially like his habit of believing that writing a letter or submitting something somewhere automatically means it will give him the results he wants.  That would be like me writing a letter to a Porche dealer telling them to sell me a car for $100 and then telling everyone about my impending purchase of a $100 porche. 

    Its really, truly pathetic.

  23. 0
    mrsstrausszelnick says:

    No, not destroy it sweetie.  Replace it.  Ever other profession in the state is regulated by the DBPR.  Lawyers can’t regulate themselves anymore than doctors can.  Duh.  Jack Thompson 

  24. 0
    DavCube says:

    Congratulations, Mr. Anonymous Coward Jack Thompson. As of today, your hypocrisy is truly, 100% complete.

    -Making Porn available to kids
    -Posting Anonymously on blogs
    -Threatening those who apose you with death

    Shall i go on? Or is the reality too much to bear?

    David "DavCube" Gagnon, Mature Human Being, and You, most certainly, ARE NOT.

  25. 0
    black manta says:

    If you’re not Jack, you certainly sound an awful lot like him.  I’m guessing you’re one of his like-minded toadys from over at Human Events.  Either way, get lost. 

  26. 0
    nightwng2000 says:

    You left out the part where you, the Traitor John Bruce "Jack" Thompson, are a lazy, deadbeat, bum who is jobless and living off his surrogate mother’s (wife’s) hard earned income.  You’re no better than those who are poor, living off their Parents or government benefits AND don’t try to earn their own living (as opposed to those who ARE trying to get jobs, even jobs they dread having to take).

    Pathetic.  Just sickenly pathetic.

    Nightwng2000

    NW2K Software

    Nightwng2000 has also updated his MySpace page: http://www.myspace.com/nightwing2000 Nightwng2000 is now admin to the group "Parents For Education, Not Legislation" on MySpace as http://groups.myspace.com/pfenl

  27. 0
    strausszelnick says:

    By the way, Take-Two stock continues to plummet today, dropping from above $9 at today’s open to now around $8.70 per share, down from the $26 EA offered me, Strauss Zelnick.

    I guess this insider trading story isn’t helping my company’s stock any.  I wonder if I can convince Barney Frank that if there is going to be an auto industry bailout then WE NEED A GRAND THEFT AUTO INDUSTRY BAILOUT, TOO!

    I truly am a genius.  I am Strauss Zelnick.  I am legend.

     

  28. 0
    Neeneko says:

    That seems likly.  While his support network is thin, he DOES have people who agree with him and thus feed his dillusions.  Granted many of them are just as incoherent but a few can actually write.

  29. 0
    Neeneko says:

    Probably none.

    While it was EA’s stock information that was being leaked, neither EA nor T2 had anything to do with the insider trading.  This is purely a case of a middle man taking advantage of some knowledge that they were not supposed to.

  30. 0
    insanejedi says:

    Not a lot really. TTWO’s market  cap is only about 700 million while EA sits on a hefty 5 billion.

    If you think about it, the Bioware and Pandemic buyout was actually more than the market value of TTWO, sitting at 860 million, so TTWO is actually a steal for anyone looking to buy it.

  31. 0
    insanejedi says:

    Well you can just buy up all the stocks if you wanted to (51%) for only about 350 million and do a corperate takeover, but EA does’t want that to happen since (by experience) they probebly know that it will make everyone there unhappy and leave.

  32. 0
    Krono says:

    so TTWO is actually a steal for anyone looking to buy it.

    Assuming that they’re willing to be bought. If they aren’t, then the price fast approaches unreasonable as EA found out.

    -Gray17

  33. 0
    Shadow D. Darkman says:

    Yeah, nice try, Jacko.

    ——————————————————————————

    "Game on, brothers and sisters." -Leet Gamer Jargon

  34. 0
    sortableturnip says:
    GAMEPOLITICS.COM
     
    CONSTITUTIONAL AMENDMENT PETITION FORM
     
    GP Statute 104.185: A person who knowingly signs a petition or petitions for a candidate, a minor political party, or an issue more than one time commits a misdemeanor of the first degree, punishable as provided in GP 775.082 or 775.083.
     
    BALLOT TITLE: REMOVAL OF JACK THOMPSON FROM GAMEPOLITICS.COM
     
    BALLOT SUMMARY: This amendment removes the internet troll known as John Bruce Thompson aka Jack Thompson from this website.
     
    I am a member of Gamepolitics.com and hereby petition the webmaster of Gamepolitics.com to place the following amendment to the ballot in the general election.
     
    I AM A REGISTERED MEMBER OF GAMEPOLITICS.COM.      _____ YES          _____ NO
     
    NAME_________________________________________________________________
                          (Please Print Name As It Appears on I.D.)
    E-MAIL _______________________________________________________________
    STREET ADDRESS _____________________________________________________
    CITY __________________________________STATE__________ZIP____________
    MEMBER NAME _______________________________________
                            -OR-               DATE OF BIRTH ____________/________/__________
     
    X _______________________________________________Date_____/______/______
                         Signature of Member
     
    FULL TEXT OF PROPOSED AMENDMENT:
     
    BE IT ENACTED BY THE PEOPLE OF GAMEPOLITICS THAT:
     
    Article V, Section 15 of the GP Constitution shall be amended to read:
     
    John Bruce Thompson aka Jack Thompson is no longer allowed, by penalty of humiliation to come to GAMEPOLITICS.COM.
     
    Serial Number: ___________________ Approval Date: ______________
     
    Return to: Gamepolitics.com

    EZK: Ammended to not conflict with other articles of the GamePolitics constitution.

  35. 0
    strausszelnick says:

     

    BARTHEBAR.COM
     
    CONSTITUTIONAL AMENDMENT PETITION FORM
     
    Florida Statute 104.185: A person who knowingly signs a petition or petitions for a candidate, a minor political party, or an issue more than one time commits a misdemeanor of the first degree, punishable as provided in FS 775.082 or 775.083.
     
    BALLOT TITLE: REPEAL THE EXCLUSIVE JURISDICTION OF THE FLORIDA SUPREME COURT TO REGULATE LAWYER ADMISSION AND PRACTICE
     
    BALLOT SUMMARY: This amendment removes the admission to and regulation of the practice of law from the Florida Supreme Court and places it in the Florida Department of Business and Professional Regulation with all other occupations.
     
    I am a registered voter of Florida and hereby petition the Secretary of State of Florida to place the following amendment to the Florida Constitution on the ballot in the general election.
     
    I AM REGISTERED TO VOTE IN __________________________ COUNTY, FL.
     
    Is this a change of address for voter registration?      _____ YES          _____ NO
     
    NAME_________________________________________________________________
                          (Please Print Name As It Appears on Voter I.D. Card)
    E-MAIL _______________________________________________________________
    STREET ADDRESS _____________________________________________________
    CITY __________________________________STATE__________ZIP____________
    VOTER REGISTRATION NUMBER _______________________________________
                            -OR-               DATE OF BIRTH ____________/________/__________
     
    X _______________________________________________Date_____/______/______
                         Signature of Registered Voter
     
    FULL TEXT OF PROPOSED AMENDMENT:
     
    BE IT ENACTED BY THE PEOPLE OF FLORIDA THAT:
     
    Article V, Section 15 of the Florida Constitution shall be amended to read:
     
    Attorneys; admission and discipline.–The Department of Business and Professional Regulation shall have exclusive jurisdiction to regulate the admission of persons to the practice of law and the discipline of persons admitted.
     
    Serial Number: ___________________ Approval Date: ______________
     
    Return to: BarTheBar.com, …, Florida 33146
  36. 0
    strausszelnick says:

    By the way, the frozen turkey in the recent Mythbusters "Best of" show is the head of former T2 Chairman Paul Eibler.  Somebody finally found a use for Paul Eibler.

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