Shareholder sues Activision Blizzard for allegedly hiding harassment probe
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nme.comActivision Blizzard is being sued by an investor for allegedly hiding the severity of an investigation into sexual harassment, which led to a lawsuit from the state of California.An Activision Blizzard investor has filed a federal securities fraud claim against the company, stating shareholders were “economically damaged” after Activision Blizzard reportedly downplayed and buried California’s investigation into sexual harassment from investors.The suit, noted by Bloomberg Law, alleges that Activision Blizzard made “materially false and/or misleading” statements by using language that downplayed the severity of the sexual harassment probe.The language in question refers to a document that Activision Blizzard sent to investors in February.
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