ATVI ALERT – Nationally Ranked Shareholder Rights Agency Labaton Sucharow is Investigating Activision Blizzard, Inc. (NASDAQ:ATVI) for Potential Securities Violations and Breach of Fiduciary Responsibility
NEW YORK, NY / ACCESSWIRE / September 22, 2021 / Labaton Sucharow, a nationally rated and award-winning shareholder rights law firm, is investigating potential securities and fiduciary violations against Activision Blizzard, Inc. (NASDAQ: ATVI).
The investigation aims to determine whether certain officers and directors of Activision have violated the Securities Exchange Act of 1934 and their fiduciary duties with the company. Activision develops and publishes interactive entertainment content and services in the United States and abroad.
After a two-year investigation, the California Dept. of Fair Employment and Housing filed a lawsuit against the company alleging that there is an “ubiquitous fraternity work culture.” The agency found that the company discriminated against female employees in relation to terms of employment, including compensation, assignment, promotion and termination, and consistently took no steps to prevent discrimination, harassment and retaliation. In response, nearly 1,000 current and former Activision employees signed a letter describing the company’s reactions to the lawsuit as “hideous and offensive,” and dozens of current and former employees spoke up on social media to help share their own allegations of discrimination. In addition, several game providers have stopped reporting all games released by the company.
Investors who acquired the Company’s securities between August 4, 2016 and July 27, 2021 inclusive (the “Class Period”) are advised to contact the Company before October 4, 2021.
If you currently own shares or options in Activision Blizzard, Inc. and have suffered a loss, click here to participate.
For additional information and to protect your investments at no charge, please contact David J. Schwartz at toll free (800) 321-0476 or email firstname.lastname@example.org.
About the firm
Labaton Sucharow LLP is one of the world’s leading complex litigation firms serving clients in the areas of securities, antitrust, corporate governance and shareholder rights, as well as consumer cybersecurity and data protection litigation. Labaton Sucharow has been recognized by courts and colleagues for its excellence and is regularly ranked in leading industry publications. Offices are in New York, NY, Wilmington, DE and Washington, DC. For more information about Labaton Sucharow, please visit Labaton.com.
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David J. Schwartz
SOURCE: Labaton Sucharow LLP
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