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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 4, 2021 to file lead plaintiff applications in a securities class action lawsuit against Activision Blizzard, Inc. (NasdaqGS: ATVI).
Activision Blizzard and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 20, 2021, the California Department of Fair Employment and Housing filed a lawsuit against the Company alleging violations of the state’s Equal Pay Act as well as the Fair Employment and Housing Act based on disturbing incidents of sexual harassment and assault. On July 27, 2021, Bloomberg reported that thousands of current and former employees of the Company had signed a petition in protest of the Company’s “abhorrent and insulting” response to the lawsuit and had planned walkout and work stoppage the following day, resulting in the Company’s CEO sending a letter to employees apologizing for the Company’s “tone deaf” response to the DFEH lawsuit and promising “swift action to be [. . .] compassionate[,] caring [and] to ensure a safe environment.”
On this news, shares of Activision fell $5.89, or over 6%, to close at $84.05 on July 27, 2021, on unusually heavy trading volume.
If you purchased securities of Activision Blizzard and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Cheng v. Activision Blizzard, Inc., et al., No. 1:21-cv-06240.
Click here to read the first filed complaint.