SEC probing Activision Blizzard in wake of harassment, discrimination lawsuits

Photoshopped image from a video game shows a person in an Activision Blizzsard hoodie confronted barrels filled, presumably, with gasoline.

Enlarge (credit score: Aurich Lawson | Getty Pictures)

In online game parlance, longtime gaming writer Activision Blizzard has jumped to “excessive” problem as of late, due to a wave of extremely publicized lawsuits. On Monday, the corporate behind World of Warcraft, Diablo, and Name of Responsibility confronted arguably its greatest take a look at but, this time from the federal authorities.

The Securities and Alternate Fee is investigating Activision Blizzard over how the online game writer handled allegations of sexual misconduct and office discrimination—and whether or not associated info was correctly disclosed to shareholders by executives.

The federal regulator has subpoenaed the corporate as effectively a number of senior executives, together with CEO Bobby Kotick, in keeping with The Wall Road Journal. It has additionally requested a wide range of paperwork, together with Kotick’s communications with different executives concerning the matter, minutes from board conferences held since 2019, the personnel recordsdata of six former workers, and separation agreements written this 12 months. Former workers additionally reportedly have been subpoenaed.

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