The U.S. Securities and Exchange Commission notified video game publisher THQ Inc. that it will take no action against the company following completion of its investigation into stock option grant practices. Agoura Hills-based THQ was one of several San Fernando Valley companies being investigated by the SEC regarding how they granted stock options. In January 2007, an internal investigation by the company found no evidence of wrongdoing A special committee appointed by the board of directors of the Agoura Hills company did find documentation lacking in some instances and that incorrect measurement dates were used for financial accounting and reporting purposes. THQ had been temporarily delisted from the Nasdaq Stock Market after failing to file quarterly financial results on time because of the internal probe. The company regained Nasdaq compliance last February.
