Activision Blizzard’s Recent Woes Continue as the SEC Opens a Wide-Ranging Investigation

Activision Blizzard’s Recent Woes Continue as the SEC Opens a Wide-Ranging Investigation

3 years ago
Anonymous $WHrWmjSJBZ

https://wccftech.com/activision-blizzard-sec-investigation/

September may be drawing to a close, but Activision Blizzard’s turbulent summer continues, as it’s been announced the US Securities and Exchange Commission (SEC) is opening a wide-ranging investigation into allegations of sexual misconduct and workplace discrimination at Acti-Blizz, and how the company responded to and reported on said allegations. For those unfamiliar, the SEC is an independent US Federal agency that oversees the stock market and can sue or suggest charges for companies if they believe they’ve misled or defrauded investors. Needless to say, a major US Federal agency taking notice of what’s going on at Activision Blizzard is a major escalation to this story, which the company can’t be happy about.

According to a report in the Wall Street Journal, the SEC has subpoenaed Activision Blizzard and several executives, including CEO Bobby Kotick. The agency is demanding numerous documents, including all minutes from Activision board meetings since 2019, Bobby Kotick’s personal communications regarding sexual harassment and discrimination complaints within the company, and personnel files and separation agreements reached with key employees this year.

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