Security Investigation
Activision Blizzard Inc. (NasdaqGM: ATVI)
37 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until June 30, 2026 to file lead plaintiff applications in a securities class action lawsuit against Activision Blizzard Inc. (“Activision” or the “Company”) (NasdaqGM: ATVI), if they sold Activision common stock between January 18, 2022 and October 13, 2023, inclusive (the “Class Period”) (excluding those that tendered their Activision common stock in the merger).
Activision Blizzard, Inc. and certain members of its Board of Directors are charged with making materially false and misleading statements and omissions in connection with the Company’s merger with Microsoft Corporation, violating federal securities laws.
According to the Complaint, beginning in July 2021, Activision Blizzard and its executives faced widespread allegations of sexual harassment and discrimination, triggering numerous regulatory investigations and employee walkouts. The Company’s former Chief Executive Officer Robert Kotick and former Chairman of the Board Brian Kelly allegedly exploited the resulting turmoil by engineering a hasty sale of the Company to Microsoft Corporation at a price below the Board’s internal valuation, enabling them to lock in hundreds of millions of dollars in personal profits before the misconduct allegations could undermine their positions or the deal. To execute this scheme, Defendants allegedly issued a series of materially false and misleading statements from the January 2022 merger announcement through closing, concealing the true motive, process, and fairness of the transaction.
If you sold Activision common stock during the Class Period and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is captioned The Arbitrage Fund v. Activision Blizzard, Inc., et al., 26-cv-00489 (D. Del.).