Securities and Exchange Commission investigates Activision Blizzard into handling of sexual assault trial – .

Securities and Exchange Commission investigates Activision Blizzard into handling of sexual assault trial – .

The United States Securities and Exchange Commission (SEC) has opened an investigation into Activision Blizzard into a host of issues, according to a Wall Street Journal report.

Chief among these issues is how Activision Blizzard allegedly handled its DFEH lawsuit. The Call of Duty, World of Warcraft, and Surveillance The publisher has been accused of destroying evidence relating to a massive lawsuit against him that focused on allegations of extreme sexual misconduct and discrimination in the workplace.

The Wall Street Journal also reports that Activision Blizzard was subpoenaed with several of its senior executives, including CEO Bobby Kotick, who was compensated $ 30.1 million in 2019.

The SEC requests several documents, including transcripts of board meetings since 2019, separation agreements with staff members, and staff records. An Activision Blizzard spokesperson confirmed to the Wall Street Journal that the scope of subpoenas covers both former and current employees.

In July, the California DFEH launched an explosive lawsuit against Activision Blizzard, alleging the company harbored a “frat boy culture” heavy with harassment of its female employees. The lawsuit alleges that Activision Blizzard employees engaged in a practice called “cube crawls” where they drank excessively while moving about the workplace. The harassment was particularly strong during these times.

Another lawsuit, filed in September, alleges Activision Blizzard used intimidation and coercion tactics to convince its employees to drop pay gap talks and end forced arbitration .

The SEC functions as federal protection for investors, who have also filed a class action lawsuit against Activision Blizzard. The deadline for those who purchased titles in Activision Blizzard to join the trial is today, September 20. The class action lawsuit, led by investors, alleges that Activision Blizzard failed its investors by not revealing the scope or seriousness of the pending DFEH lawsuit against the company, thereby misleading those who wanted to invest in it. future of the company.


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