ACTIVISION BLIZZARD INVESTOR NOTICE BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Shareholders of Lead Plaintiff Deadline in Class Action Lawsuit Against Activision Blizzard, Inc.

New Orleans, Louisiana – (Newsfile Corp. – Aug. 12, 2021) – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors of losses over $ 100,000 they have through October 4, 2021 to file lead plaintiffs in a securities class action lawsuit against Activision Blizzard, Inc. (NASDAQ: ATVI) if they use the company’s securities between August 4, 2016 and the Purchased July 27, 2021, including (the “Class Period”). This lawsuit is pending in the United States District Court for the Central District of California.

What you can do

If you have purchased Activision Blizzard securities and would like to discuss your legal rights and how this could affect you and your right to reimbursement of your economic loss, you can contact KSF Managing Partner Lewis Kahn without obligation and free of charge. free at 1-877-515-1850 or by email ([email protected]) or visit https://www.ksfcounsel.com/cases/nasdaqgs-atvi/ to learn more. If you want to appear as the lead plaintiff in this class action lawsuit, you must file a motion with the court by October 4, 2021.

About the lawsuit

Activision Blizzard and some of its executives are charged with failing to disclose material information during the class action period in violation of federal securities laws.

On July 20, 2021, the California Department for Fair Employment and Housing filed a lawsuit against the company for alleged violations of the state’s Equal Pay Act and the Fair Employment and Housing Act for worrying incidents of sexual harassment and assault. On July 27, 2021, Bloomberg reported that thousands of current and former employees of the company had signed a petition in protest of the company’s “heinous and offensive” response to the lawsuit and planned a loss of work and a stoppage the next day, leading to the The company’s CEO sends a letter to the employees in which he apologizes for the company’s “deaf” reaction to the DFEH lawsuit and promises to “act quickly” [. . .] compassionate[,] maintenance [and] to ensure a safe environment. “

The story goes on

In light of the news, Activision’s shares fell $ 5.89, or over 6%, on an unusually high trading volume, to close at $ 84.05 on July 27, 2021.

The case is Cheng v Activision Blizzard, Inc., et al., No. 1: 21-cv-06240.

About Kahn Swick & Foti, LLC

KSF, partnered with former Louisiana Attorney General Charles C. Foti, Jr., is one of the leading boutique securities litigation firms in the country. KSF serves a large number of clients – including public institutional investors, hedge funds, asset managers and private investors – in reparation for investment losses due to corporate fraud and misconduct by listed companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, managing partner
[email protected]
1-877-515-1850
Poydras Str. 1100, suite 3200
New Orleans, LA 70163

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93043

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