Take-Two has entered a settlement agreement that will put to rest stockholder litigation pertaining to Electronic Arts' failed attempt to buy the company in 2008.

In a U.S. Securities and Exchange Commission filing on Monday, Take-Two said it entered an agreement with shareholder Patrick Solomon on April 3. The plaintiff filed a class action complaint against the game maker in March 2008, claiming the company breached its fiduciary duty, allegedly "refusing to explore premium offers" from EA, which intended to buy all of Take-Two's shares.

Take-Two denied Solomon's allegations, saying they are "wholly without merit." The firm added that it "entered into the settlement arrangement solely to save the time and expense of continued litigation."

Last year, EA had made an unsolicited offer to buy all of Take-Two's shares for $25.74 each, a substantial premium over the publisher's share price at the time. The bid equaled approximately $2.1 billion.

Take-Two management called the bid "inadequate" multiple times, and EA eventually withdrew its bid in September 2008.

Solomon's complaint also named as a defendant ZelnickMedia, the company founded by Take-Two chair Strauss Zelnick.

The settlement does not include any payment of monetary damages to Solomon or any of those in the class. Take-Two also said it will oppose any requests by the plaintiff's lawyers to have the publisher pay for legal fees.

Take-Two said it "expects that any award of fees or expenses will be covered by the Company's existing insurance policies."

The publisher last week entered two separate settlement agreements with the SEC and the District Attorney of New York regarding a stock option backdating scandal.