Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Activision Blizzard, Inc. and Encourages Investors to Contact the Firm
NEW YORK, Aug. 4, 2021 – (BUSINESS WIRE) – Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, announces that it has filed a class action lawsuit against Activision Blizzard, Inc. (“Activision Blizzard” or the “Company “) (NASDAQ: ATVI) in the United States District Court for the Central District of California on behalf of all individuals and legal entities who purchased or otherwise acquired Activision Blizzard securities between August 4, 2016 and July 27, 2021 (the “Class Period”). Investors have until October 4, 2021 to apply to the court for appointment as lead plaintiff in the litigation.
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According to the lawsuit, throughout the collection period, the defendants made false and / or misleading statements and / or failed to disclose: (1) Activision Blizzard discriminated against women and minority employees; (2) Activision Blizzard promoted an ubiquitous “frat boy” workplace culture that continues to thrive; (3) numerous complaints of unlawful harassment, discrimination and retaliation were made against human resources staff and managers and were not addressed; (4) the pervasive culture of harassment, discrimination and retaliation would seriously affect Activision Blizzard’s business; (5) as a result of the foregoing, the Company has been exposed to greater risk of regulatory and legal scrutiny and enforcement, including those that would have material adverse effects; (6) Activision Blizzard has failed to inform shareholders that the California Department of Fair Employment and Housing (“DFEH”) has investigated Activision Blizzard for harassment and discrimination; and (7) as a result, Defendants’ statements about the business, operations and prospects of Activision Blizzard were materially false and misleading and / or were inadequate at all relevant times. When the real details hit the market, the lawsuit claims that investors have suffered damage.
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In light of this news, Activision Blizzard stock traded in unusually high volume, falling $ 5.89, or over 6%, to close at $ 84.05 on July 27, 2021.
If you have purchased or otherwise acquired Activision Blizzard stock and have suffered a loss, are a long-term shareholder, have information, want to learn more about these claims, or have questions about this announcement or your rights or interests in relation to these matters, please contact please email Brandon Walker, Melissa Fortunato or Marion Passmore at firstname.lastname@example.org, call (212) 355-4648 or fill out this contact form. There are no costs or obligations for you.
About Bragar Eagle & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents private and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. More information about the company can be found at www.bespc.com. Lawyer advertising. Previous results do not guarantee similar results.
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Bragar Adler & Knappe, PC
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.