As the #blizzard dispute continues to burn, relevant investors filed a class-action lawsuit in the U.S. Central District Court of California on (4) day, claiming that Activision Blizzard deliberately concealed long-standing sexual harassment and discrimination issues, artificially increasing the company’s stock price, saying that investors Knowing the company’s internal conditions, will not invest in Activision Blizzard stock.
So far, Activision Blizzard’s stock price has continued to drop since June 21. At that time, there was relevant news that the company’s “internal culture” had contributed to the abuse and discrimination of female employees for many years, and it was even more affected by California. Relevant units sue.
Summary Some overseas media Kotaku reported that today coincides with the second quarter financial conference call. It is almost predictable that investors are worried about the status of the company they invest in. At the same time, it happens to be an investor today. The day when the class filed a class action against Activision Blizzard.
The content of this lawsuit includes any object that has traded Activision Blizzard stock between August 4, 2016 and July 27, 2021. The lawsuit is based on making material false and misleading statements that violate federal securities laws.
The defendants in this wave of class actions are not just Activision Blizzard itself. Current CEO Bobby Kotick, Chief Financial Officer Dennis Durkin, and former Chief Financial Officer Spencer Neumann are all accused.
However, Activision Blizzard is not the only game company whose investors have initiated a class action in the near future. Prior to this, “Dian Yu Renke 2077” also took the game off the shelves due to too many problems after the game was launched, causing many related investors to suffer losses. , And then filed a class action lawsuit against the developer CD Projekt.
Related Reading:“Dian Yu Renke 2077” causes investors to suffer losses, CD Projekt is subject to a class action lawsuit
Sexual discrimination cases have spread, and Blizzard’s top executives stepped down to fight the fire. What do you think…?
- Useful, an apology is sincere.
- It’s useless, the damage has been done.
- No one cares, it’s not important.
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