RM LAW, P.C. is investigating potential claims against the board of directors of Activision Blizzard, Inc. ("Activision Blizzard" or the "Company") (NASDAQ: ATVI) investors concerning the Company’s possible violations of the federal securities laws.
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On July 20, 2021, California's Department of Fair Employment and Housing filed a lawsuit against Activision Blizzard, alleging that female employees of Activision Blizzard are subjected to "constant sexual harassment," while Activision Blizzard's top executives and human resources personnel not only knew about the harassment and failed to prevent it, but also retaliated against employees who complained. The lawsuit alleges violations of the Equal Pay Act and the Fair Employment and Housing Act. On this news, Activision Blizzard's stock price fell sharply over the following trading sessions, damaging investors.