A harassment and discrimination lawsuit from the California Department of Fair Employment and Housing (DFEH) is not the only legal battle that Activision Blizzard needs to worry about more. Ahead of the company’s second-quarter title, Rosen Law filed a class action lawsuit a lawsuit on behalf of investors who traded Activision Blizzard securities between August 4, 2016 and July 27, 2021.
The company, the same one behind a a similar lawsuit against CD Project RED due to the catastrophic launch Cyberpunk 2077, accuses Activision Blizzard of deliberately failing to reveal its ongoing problems with sexual harassment and discrimination. Thus Rosen Law states that the company is exposed to a higher risk of regulatory legal oversight and enforcement. The lawsuit names Activision Blizzard CEO Bobby Kotick, as well as several other executives, as defendants and seeks to recover compensation for investors under federal securities laws.
The suit arrives the same day the company announced that J. Allen Brack “descending“From his role as president of Blizzard Entertainment. In its lawsuit, the state of California accuses Brack of failing to take “no effective corrective action” to combat the “fraternal culture” that has allowed individuals like Alex Afrasiabi to harass company employees. In his place come Jen Oneal and former Xbox CEO Mike Ybarra, who will oversee the studio as co-hosts.
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