Officers and Directors of Activision Blizzard, Inc. (ATVI) Investigated for Misrepresentation and Discrimination
SAN FRANCISCO, August 13, 2021 / PRNewswire / – Schubert Jonckheer & Kolbe LLP is investigating possible derivative claims on behalf of shareholders of Activision Blizzard, Inc. (NASDAQ: ATVI) regarding possible misrepresentation to investors regarding his frat boy culture on workplace and a lengthy survey conducted by the California Department of Fair Employment and Housing (“DFEH”).
On July 20, 2021, DFEH sued Activision in Los Angeles County Superior Court for violation of California The Equal Pay Act and Fair Employment and Housing Act dealt with allegations that, among other things, the company paid women less than their male counterparts for substantially similar work, subjected women to a culture of “constant” sexual harassment, failed to take reasonable steps to prevent such harassment, and even retaliated against those who complained. DFEH described the company culture as that of a brotherhood and said it created “fertile ground for harassment and discrimination against women”. The DFEH investigation took place over a period of more than two years, and the agency noted that the company had received “many” complaints from employees about their abject treatment as part of the culture of male-dominated company of Activision. Following the trial of DFEH, the president of Blizzard J. Allen Brack resigned from his position with the company.
Schubert is investigating potential breaches of fiduciary duty on the part of the officers and directors of the company in connection with these allegations.
If you own shares in Activision and would like more information about your legal rights, please Contact us today or visit our website at https://www.classactionlawyers.com/blog/activision.
About Schubert Jonckheer & Kolbe LLP
Schubert Jonckheer & Kolbe represents shareholders, employees and consumers in class actions against corporate defendants, as well as shareholders in derivative actions against their officers and directors. The company is based in San Francisco, and with the help of co-counsel, advocates business across the country.
Schubert Jonckheer & Kolbe LLP
Phone. : 415-788-4220
View original content: https://www.prnewswire.com/news-releases/shareholder-alert-activision-blizzard-inc-atvi-officers-and-directors-under-investigation-for-possible-false-statements-and – discrimination-301354889.html
SOURCE Schubert Jonckheer & Kolbe LLP