Activision Blizzard, Inc. (ATVI) Subject Of Class Action Lawsuit Regarding Potential Securities Law Violations
Activision Blizzard, Inc. (ATVI) is the subject of a class action lawsuit regarding alleged violations of the federal securities laws.
If you purchased shares of Activision Blizzard between August 4, 2016 and July 27, 2021 (class period), please contact Silver Law Group before October 4, 2021 at (800) 975-4345 or at email@example.com.
Activision Blizzard is a publicly-traded gaming and interactive entertainment company whose products include franchises such as Call of Duty, World of Warcraft, and Candy Crush.
Activision Blizzard Allegedly Discriminated Against Women And Minorities
Following an investigation by the California Department of Fair Employment and Housing, the agency filed a lawsuit against the company that alleged discrimination against female employees regarding compensation, conditions of employment, promotion, and other terms, and failed to prevent harassment, discrimination, and retaliation.
Almost 1,000 current and former Activision Blizzard employees signed a letter calling the company’s response to the lawsuit “abhorrent and insulting”. Current and former employees publicly shared allegations of discrimination. Some gaming outlets stopped covering games released by the company.
The class action lawsuit filed against Activision Blizzard alleges that the company was at greater risk of legal and regulatory scrutiny that could negatively impact the company, that the company failed to tell shareholders about the investigation by California Department of Fair Employment and Housing, and that as a result, the company’s statements about its business and prospects were materially false and misleading.
Recover Activision Blizzard, Inc. (ATVI) Investment Losses
Silver Law Group is a nationally-recognized law firm representing victims of securities and investment fraud. Our attorneys represent investors nationwide and internationally in class action lawsuits against issuers in state and federal court and in arbitration claims in cases of stockbroker misconduct.
Scott Silver, Silver Law Group’s managing partner, is the chairman of the Securities and Financial Fraud Group of the American Association of Justice. Contact us today for a no-cost consultation at firstname.lastname@example.org or call (800) 975-4345.