According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- Activision Blizzard discriminated against women and minority employees;
- Activision Blizzard fostered a pervasive “frat boy” workplace culture that continues to thrive;
- numerous complaints about unlawful harassment, discrimination, and retaliation were made to human resources personnel and executives which went unaddressed;
- the pervasive culture of harassment, discrimination, and retaliation would result in serious impairments to Activision Blizzard’s operations;
- as a result of the foregoing, the Company was at greater risk of regulatory and legal scrutiny and enforcement, including that which would have a material adverse effect;
- Activision Blizzard failed to inform shareholders that the California Department of Fair Employment and Housing (“DFEH”) had been investigating Activision Blizzard for harassment and discrimination; and
- as a result, defendants’ statements about Activision Blizzard’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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