Starbucks’ prices look positively reasonable when you consider how much a little “Hot Coffee” cost Take-Two Interactive.

The Grand Theft Auto publisher announced on September 1, 2009, that it has reached a $20 million settlement with investors in the class-action lawsuit filed over the Hot Coffee scandal surrounding Grand Theft Auto: San Andreas.

The suit alleges that Take-Two was cash strapped before releasing the highly anticipated GTA sequel and rushed the game out the door knowing about the extreme sexual content. Take-Two didn’t help its case when it claimed the hidden sex scene was the work of hackers, when it was designers at GTA developer Rockstar Games who left the content “in” the game. The thing turned into a PR and financial nightmare for Take-Two pretty quickly, leading to a GTA: San Andreas recall and a nosedive in the company’s stock price.

MTV’s Multiplayer Blog brings us some sad news from BMO Capital Markets Conference today (November 13, 2008). Take-Two Interactive CEO Strauss Zelnick told the people there that GTA: Chinatown Wars would be released by the end of April 2009 and the Xbox exclusive downloadable content for GTA IV would be pushed back until Spring of 2009.

Zelnick did say the DLC portion is almost complete but…

The latest game in the Grand Theft Auto universe has been shrouded in mystery just like its predecessors since it was first revealed at E3 2008. The only thing we knew about the game was that it would have something to do with Chinatown and it’s exclusively for the Nintendo DS.

Today (September 19, 2008) scans from an upcoming issue of Nintendo Power magazine give more insight into what this game will include…

Take-Two Interactive released its Q3 2008 financial report today (September 4, 2008) which showed promising results. Besides the companies rise in net income to the tune of $51.8 million, Take-Two confirmed two big titles for its fiscal 2009 year which starts November 1, 2008,and ends on January 31, 2009: We can expect Bioshock 2 and GTA: Chinatown Wars to be available early next year if everything continues in development.

From the report…

One of the biggest surprises at Nintendo’s E3 2008 press event was the announcement of a Grand Theft Auto game on the Nintendo DS. Surely an attempt to keep hardcore gamers happy (and sway them from thinking of the DS as a kiddie handheld), Grand Theft Auto: Chinatown Wars is coming to the system this fall. The game is set in a “modern day Liberty City” and is development by Rockstar Leeds and…