Sections

Find out how to kick start your games industry career

Get Your Free Ticket Today

Shareholder rights law firm investigating Activision Blizzard

Case is looking to determine if some executives have breached their fiduciary commitments to the company

Shareholder rights law firm Robbins LLP has launched an investigation into Activision Blizzard, with concerns that certain directors and officers at the firm have violated the Securities Exchange Act of 1934 and breached their fiduciary duties to the company.

The investigation follows a lawsuit filed last week by the Californian Department of Fair Employment and Housing against Activision Blizzard for "violations of the state's civil rights and equal pay laws" regarding its treatment of women."

Since news of the lawsuit surfaced, over 1,000 current and former employees have signed a petition calling the company's response to the case "abhorrent and insulting". A company-wide walkout at Blizzard's Californian office is also taking place later today.

Activision Blizzard CEO Bobby Kotick shared a statement yesterday, detailing immediate action that the company is taking to improve its situation in the wake of allegations. Law firm WilmerHale has been commissioned to review the company's policies to ensure that it promotes a "respectful and inclusive workplace."

GamesIndustry.biz has asked Activision Blizzard for more information on the aforementioned changes.

Find out how to kick start your games industry career

Get Your Free Ticket Today

More stories

Has Dbrand done enough to withstand further legal action from Sony?

Legal experts discuss Dbrand's new PS5 plate design, and further action Sony may take in response to the design overhaul

By Danielle Partis

Sony patent would let viewers vote or pay to remove players from games

Viewers could be allowed to pay individually, as a group, or by bidding in an auction to get a player removed

By Marie Dealessandri

Latest comments

Sign in to contribute

Need an account? Register now.