Take-Two Interactive Software is most well known for a video game series called Grand Theft Auto, in which players get to fire big guns and drive fast cars. These days, with the company's founder convicted of falsifying business records and losses piling up, Take-Two's thrills and spills are a little closer to home. Little wonder that shareholders are kicking up a fuss.

What is unusual is the make-up of the coalition planning to overthrow the current board. Standing alongside fund manager OppenheimerFunds - which owns almost a quarter of Take-Two's stock - are decidedly un-mainstream hedge funds such as Steve Cohen's SAC Capital.