By Daniel Webster, dWeb.News Publisher
NEW YORK, Sept. 15, 2021 (GLOBE NEWSWIRE) — Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of Activision Blizzard, Inc. (“Activision Blizzard” or the “Company”) (NASDAQ: ATVI). If you are a shareholder of Activision Blizzard with more than $100,000 in losses, you should contact the Firm.
Activision Blizzard, a videogame holding company, is located in Santa Monica. The merger of Activision, Inc. with Vivendi Game led to the creation of the Company. The Company is a publisher and developer of interactive entertainment content. It distributes content and services on a variety of gaming platforms. Activision Blizzard owns popular games such as Call of Duty, World of Warcraft, and Diablo.
On July 20, 2021, California’s Department of Fair Employment and Housing (DFEH) filed a lawsuit against the Company alleging rampant sexual harassment and gender discrimination. Activision Blizzard stock prices plummeted after this announcement.
A class action Lawsuit has been filed for all persons or entities who purchased or otherwise acquired securities of Activision Blizzard, Inc., between August 4, 2016 and July 27, 2021. (1) Activision Blizzard allegedly discriminated against minority employees and women; (2) Activision Blizzard promoted a culture of “frat boys” in its workplace that continues to flourish; (3) many complaints regarding unlawful harassment, discrimination and retaliation were filed with the California Department of Fair Employment and Housing; (7) the Defendants’ statements concerning Activision Blizzard, Inc.’s business, operations and prospects were materially false and misleading and/or did not have a reasonable basis
If you have suffered losses over $100,000 from investment in Activision Blizzard’s common stock from August 4, 2016 and July 27, 2021 and wish to serve as Lead Plaintiff for the Class, you must file a motion with the Court no later than October 4, 2021.
Any member of the Class may request to be the Lead Plaintiff by a counsel of their choosing. You may obtain additional information about this lawsuit and your ability to become a Lead Plaintiff, by contacting Christian Levis at firstname.lastname@example.org or by calling 914-733-7220 or Andrea Farah at email@example.com or by calling 914-733-7256. The class action is Gary Cheng et al. v. Activision Blizzard, Inc., et al. , Number. 21-cv-06240.
About Lowey Dannenberg
Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. This firm has extensive experience in prosecuting multimillion-dollar lawsuits, and has recovered billions of dollars for investors.
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7256
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