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Activision Blizzard is sued by New York City and targets its CEO Bobby Kotick

New York City has filed a lawsuit against Activision Blizzard, alleging that it fled into the acquisition of Microsoft to reduce ongoing investigations into the company.

  • READ MORE: What the hell happened at Activision and why should you care?

The lawsuit was filed earlier this week (May 2) by the New York City Retirement System, the Fire Department Pension Fund, the Police Pension Fund, and the New York City Council Retirement System. These groups currently hold shares of Activision Blizzard, and claim that recent decisions have damaged the value of the company (thanks, Aicsios).

By law, the merger of Activision “significantly undervalues” the company, and “shutdown” claims brought by employees and in other legal cases. The lawsuit also states that the merger will allow CEO Bobby Kotick to “fully escape responsibility and accountability”.

Back in November last year, a report came to light alleging that Kotick knew about alleged sexual misconduct in the company as far back as 2018. The report alleged that Kotick failed to appoint the board of directors. aware of rape and alleged settlement, though Kotick said. the claims were “inaccurate”.

New York lawmakers also confirm that Activision Blizzard’s board of directors’ decision to entrust the “negotiation process” of Microsoft’s merger with Kotick is “inexcuscusable” as it is expected to receive a substantial payment once the deal is finalized.

Earlier in the week, Activision Blizzard’s board of directors urged shareholders to vote against self – publication of a report detailing the company’s progress on the series of allegations of harassment and abuse that have come to light.

To investigate Activision Blizzard, the state of New York requested to see the company’s books and records on April 4 this year, and the developer was required by statute to do so by April 11. Activision Blizzard did not respond until April 14, violating Article 220 of the Delaware Code, Delaware’s collection of state statutes.

This law comes in addition to the increase in the number of lawsuits facing Activision Blizzard, not to mention the upcoming union elections for the Game Workers Alliance, a union founded by Raven Software’s team in response to Activision Blizzard’s treatment of studio employees.

In other news, former Nintendo of America Reggie Fils-Aimé spoke about how he tried to foster a positive company culture while there.

Akira

Il n'y a pas de honte à être faible, la honte est de le rester.

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