SEC will get $35 million settlement in Activision misconduct disclosure case

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The Securities and Change Fee introduced Friday that Activision Blizzard has agreed to pay $35 million to settle a probe into the corporate’s dealing with of widespread office harassment and discrimination allegations.

In an administrative order, the SEC stated that complaints of office misconduct at Activision Blizzard “weren’t collected or analyzed for disclosure functions” since a minimum of 2018. This left Activision Blizzard administration “missing adequate data to grasp the quantity and substance of worker complaints of office misconduct,” and subsequently unable to warn buyers of any potential enterprise dangers these complaints entailed.

The SEC additionally discovered that Activision requested departing workers to enter into “separation agreements” that illegally requested these workers “to inform Activision Blizzard of any requests from an administrative company in reference to a report or grievance.” That violates SEC guidelines designed to guard whistleblowers and prohibit employers from impeding worker complaints to authorities companies.

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