Today, Take-Two revealed that they are being sued by a shareholder for not selling the company to Electronic Arts. Michael Maulano is accusing Take-Two of being at fault in their fiscal duties by not talking to EA and for engaging in various measures to protect themselves from being bought out. This suit is different from the one that came about in early March.

It is unclear how many other shareholders are involved in this class action lawsuit. Maulano is seeking damages, injunctive relief, and reasonable attorneys' fees. "The Company and its Board of Directors believe these claims lack merit, and intend vigorously to defend against them," said Take-Two in a statement.

In other Take-Two lawsuit news, a judge dismissed claims that Take-Two was dishonest with shareholders over hidden content in Grand Theft Auto: San Andreas. This suit is different from the case over Hot Coffee that was settled last year.

"We continue to believe that the remaining claims are without merit and we will continue to defend against them," said Take-Two.