Two separate press releases went out today August 11 announcing a brand-new class action lawsuit against Activision Blizzard in light of the California DFEH lawsuit; and a new investigation.
Bronstein, Gewirtz & Grossman, LLC filed a class action lawsuit and invites shareholders and investors to join to recover damages against Activision Blizzard for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
On the other hand, Nationally Ranked Shareholder Rights Firm Labaton Sucharow is Investigating Activision Blizzard for Potential Securities Violations and Breach of Fiduciary Duty.
(UPDATE): More class-action lawsuit press releases were announced by multiple law firms. Added them.
Yesterday, SOC Investment Group — an ATVI shareholder — came forward to denounce Activision Blizzard isn’t doing enough to address employees’s demands and requested an employee selected representative to be placed on the executives board, along with a gender balance among members of the board by 2025. Things are getting heated up for Activision Blizzard after California announced its lawsuit, and after Fran Townsend’s insensitive letter which provoked the employees #ActiBlizzWalkout.
Read all press releases below.
ATVI Investor Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Activision Blizzard, Inc. Shareholders of Class Action and Encourages Shareholders to Contact the Firm
NEW YORK, NY / ACCESSWIRE / August 11, 2021 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Activision Blizzard, Inc. (“Activision Blizzard” or the “Company”) (NASDAQ:ATVI) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Activision Blizzard securities betweenAugust 4, 2016 and July 27, 2021, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/atvi.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Activision Blizzard discriminated against women and minority employees; (2) Activision Blizzard fostered a pervasive ‘frat boy’ workplace culture that continues to thrive; (3) numerous complaints about unlawful harassment, discrimination, and retaliation were made to human resources personnel and executives which went unaddressed; (4) the pervasive culture of harassment, discrimination, and retaliation would result in serious impairments to Activision Blizzard’s operations; (5) as a result as a result of the foregoing, the Company was at greater risk of regulatory and legal scrutiny and enforcement, including that which would have a material adverse effect; (6) Activision Blizzard failed to inform shareholders that the California Department of Fair Employment and Housing had been investigating Activision Blizzard for harassment and discrimination; and (7) as a result, Defendants’ statements about Activision Blizzard’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/atvi or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss inActivision Blizzard you have until October 4, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC (Yahoo Finance)
Nationally Ranked Shareholder Rights Firm Labaton Sucharow is Investigating Activision Blizzard, Inc. (NASDAQ:ATVI) for Potential Securities Violations and Breach of Fiduciary Duty
NEW YORK, NY / ACCESSWIRE / August 11, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, is investigating potential securities violations and breach of fiduciary duty claims against Activision Blizzard, Inc. (NASDAQ:ATVI).
The investigation is to determine whether certain Activision officers and directors violated the Securities Exchange Act of 1934 and breached their fiduciary duties to the Company. Activision develops and publishes interactive entertainment content and services in the Americas and abroad.
After a two-year investigation, the California Dept. of Fair Employment and Housing filed a lawsuit against the Company alleging a ‘pervasive frat boy workplace culture.’ The agency found that the Company discriminated against female employees in terms of conditions of employment, including compensation, assignment, promotion, and termination and consistently failed to take steps to prevent discrimination, harassment, and retaliation. In response, nearly 1,000 current and former Activision employees have signed a letter calling the Company’s responses to the lawsuit ‘abhorrent and insulting,’ and 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.
Investors who purchased the Company’s securities between August 4, 2016 and July 27, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before October 4, 2021.
If you currently own stock or options in Activision Blizzard, Inc. and suffered a loss, click here to participate.
If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com.
About the Firm
Labaton Sucharow LLP is one of the world’s leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at Labaton.com.
CONTACT:
David J. Schwartz
(800) 321-0476
david@labaton.com
Source: Yahoo Finance
UPDATE: ANOTHER CLASS ACTION LAWSUIT
Lawsuits Filed Against SRAC, QFIN and ATVI – Jakubowitz Law Pursues Shareholders Claims
NEW YORK, NY / ACCESSWIRE / August 11, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Activision Blizzard, Inc. (NASDAQ:ATVI)
CONTACT JAKUBOWITZ ABOUT ATVI:
https://claimyourloss.com/securities/activision-blizzard-inc-loss-submission-form/?id=18444&from=1
Class Period: August 4, 2016 – July 27, 2021
Lead Plaintiff Deadline: October 4, 2021
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Activision Blizzard discriminated against women and minority employees; (2) Activision Blizzard fostered a pervasive “frat boy” workplace culture that continues to thrive; (3) numerous complaints about unlawful harassment,
discrimination, and retaliation were made to human resources personnel and executives which went unaddressed; (4) the pervasive culture of harassment, discrimination, and retaliation would result in serious impairments to Activision Blizzard’s operations; (5) as a result of the foregoing, the Company was at greater risk of regulatory and legal scrutiny and enforcement, including that which would have a material adverse effect; (6) Activision Blizzard failed to inform shareholders that the California Department of Fair Employment and Housing had been investigating Activision Blizzard for harassment and discrimination; and (7) as a result, Defendants’ statements about Activision Blizzard’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Source: Accesswire
INVESTOR ACTION NOTICE: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Activision Blizzard, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / August 11, 2021 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Activision Blizzard, Inc. (‘Activision Blizzard’ or ‘the Company’) (NASDAQ:ATVI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between August 4, 2016 and July 27, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before October 4, 2021.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Activision Blizzard discriminated against both women and minorities employed by its organization. The Company allowed a ‘frat boy’ culture to thrive in its offices. Numerous employee complaints of sexual harassment, retaliation, and other inappropriate activities were reported to human resources and executives only to be ignored. The Company failed to inform investors that it was under investigation by the California Department of Fair Employment and Housing (‘DFEH’) over allegations of sexual harassment and other discrimination. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Activision Blizzard, investors suffered damages.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of COIN, ATVI and ZY
NEW YORK, NY / ACCESSWIRE / August 11, 2021 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Activision Blizzard, Inc. (NASDAQ:ATVI)
Class Period: August 4, 2016 – July 27, 2021
Lead Plaintiff Deadline: October 4, 2021
The ATVI lawsuit alleges that throughout the class period, Activision Blizzard, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Activision Blizzard discriminated against women and minority employees; (2) Activision Blizzard fostered a pervasive “frat boy” workplace culture that continues to thrive; (3) numerous complaints about unlawful harassment,
discrimination, and retaliation were made to human resources personnel and executives which went unaddressed; (4) the pervasive culture of harassment, discrimination, and retaliation would result in serious impairments to Activision Blizzard’s operations; (5) as a result of the foregoing, the Company was at greater risk of regulatory and legal scrutiny and enforcement, including that which would have a material adverse effect; (6) Activision Blizzard failed to inform shareholders that the California Department of Fair Employment and Housing had been investigating Activision Blizzard for harassment and discrimination; and (7) as a result, Defendants’ statements about Activision Blizzard’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Learn about your recoverable losses in ATVI: https://www.kleinstocklaw.com/pslra-1/activision-blizzard-inc-loss-submission-form-2?id=18449&from=1
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