SAN DIEGO, CA / ACCESSWIRE / August 4, 2021 / Shareholder rights law firm Robbins LLP announces that a class action lawsuit has been filed against Activision Blizzard, Inc. (NASDAQ:ATVI) on behalf of purchasers of the Company's securities between August 4, 2016 and July 27, 2021, pursuant to the Securities Exchange Act of 1934. Activision develops and publishes interactive entertainment content and services in the Americas and abroad.
Activision Blizzard, Inc. (ATVI) Accused of Sexual Harassment Against Female Employees
According to the complaint, 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. If you would like more information regarding your rights, please contact Lauren Levi at (800) 350-6003 or firstname.lastname@example.org, or via our Shareholder Information Form.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
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SOURCE: Robbins LLP
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