Activision Blizzard, Inc. (ATVI) Accused of Sexual Harassment Against Female Employees
Activision Blizzard discriminated against women and minority employees and fostered a pervasive “frat boy” workplace culture that continues to thrive. Numerous complaints about unlawful harassment, discrimination, and retaliation to human resources personnel and executives went unaddressed. As a result, the Company was at a greater risk of regulatory and legal scrutiny and enforcement. In fact, the California Department of Fair Employee and Housing (DFEH) had been investigating Activision Blizzard for harassment and discrimination. However, the Company failed to inform shareholders and the public of the investigation, rendering defendants’ statements about the Company’s business, operations, and prospects materially false and misleading.
Since disclosure of the DFEH’s findings, nearly 1,000 current and former Activision employees have signed a letter calling the Company’s responses to the lawsuit “abhorrent and insulting” and even staged a walkout. Dozens of current and former employees have come out on social media to share their own allegations of discrimination. Additionally, several gaming outlets have halted coverage of any games released by the Company.
Activision Blizzard, Inc. (ATVI) shareholders have legal options. If you purchased shares of Activision Blizzard, Inc. between August 4, 2016 and July 27, 2021, you have until October 4, 2021 to ask the court to appoint you lead plaintiff.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.