Investigation announced for Long-Term Investors in Activision Blizzard, Inc. (NASDAQ: ATVI)

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Activision Blizzard, Inc.

Investors who are current long term investors in Activision Blizzard, Inc. (NASDAQ: ATVI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: ATVI stocks follows a lawsuit filed against Activision Blizzard, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ATVI stocks, concerns whether certain Activision Blizzard, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the defendants the made false and/or misleading statements and/or failed to disclose that Activision Blizzard discriminated against women and minority employees, that Activision Blizzard fostered a pervasive "frat boy" workplace culture that continues to thrive, that numerous complaints about unlawful harassment, discrimination, and retaliation were made to human resources personnel and executives which went unaddressed, that the pervasive culture of harassment, discrimination, and retaliation would result in serious impairments to Activision Blizzard’s operations, that as a result as a result of the foregoing, the Company was at greater risk of regulatory and legal scrutiny and enforcement, including that which would have a material adverse effect, that Activision Blizzard failed to inform shareholders that the California Department of Fair Employment and Housing ("DFEH") had been investigating Activision Blizzard for harassment and discrimination, and that as a result, Defendants’ statements about Activision Blizzard’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Activision Blizzard, Inc. (NASDAQ: ATVI) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.