New York, New York – (Newsfile Corp. – August 6, 2021) – Klein law firm announces that a class action lawsuit has been filed on behalf of shareholders of Activision Blizzard, Inc. (NASDAQ: ATVI) alleging that the company violated federal securities laws.
Class period: Aug 4, 2016 and July 27, 2021
Lead applicant’s deadline: October 4, 2021
No obligation or cost to you.
Learn more about your recoverable losses in ATVI:
Activision Blizzard, Inc. NEWS – ATVI NEWS
CLASS ACTION CASE DETAILS: The complaint filed alleges that Activision Blizzard, Inc. made materially false and / or misleading statements and / or did not disclose that: (1) Activision Blizzard discriminated against women and employees from minorities; (2) Activision Blizzard fostered a pervasive “frat boy” corporate culture that continues to thrive; (3) numerous complaints regarding unlawful harassment, discrimination and retaliation were lodged with human resources staff and senior management and were not addressed; (4) the pervasive culture of harassment, discrimination and retaliation would seriously alter the operations of Activision Blizzard; (5) as a result of the foregoing, the Company was at greater risk of regulatory and legal review and enforcement, including which would have a material adverse effect; (6) Activision Blizzard failed to notify shareholders that the California Department of Fair Employment and Housing had investigated Activision Blizzard for harassment and discrimination; and (7) accordingly, Defendants’ statements regarding Activision Blizzard’s business, operations and prospects were materially false and misleading and / or lacked reasonable basis at all material times.
WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you suffered a loss in Activision Blizzard, you have up to October 4, 2021 apply to the court for principal applicant status. Your ability to participate in any recovery does not require you to serve as the principal applicant.
NO COT FOR YOU: If you purchased Activision Blizzard titles during the relevant period, you may be entitled to compensation without payment of a refundable charge.
ABOUT THE KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud nationwide. Klein Law Firm is a litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced lawyers have achieved superior results for our clients with a personalized approach. Lawyer advertising. Past results do not guarantee similar results.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92393