Investigation announced for Current Long-Term Investors who lost money with Activision Blizzard, Inc. (NASDAQ: ATVI)

An investigation on behalf of current long-term investors in shares of Activision Blizzard, Inc. (NASDAQ: ATVI) was announced over potential breaches of fiduciary duties by certain officers and directors at Activision Blizzard, Inc.

Investors who purchased shares of Activision Blizzard, Inc. (NASDAQ: ATVI) and currently hold any of those 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 concerns whether certain Activision Blizzard, Inc. (NASDAQ: ATVI officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Santa Monica, CA based Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Activision Blizzard, Inc. reported that its annual Total Revenue declined from over $8.8 billion in 2021 to over $7.52 billion in 2022, and that its Net Income declined from over $2.76 billion in 2021 to over $1.51 billion in 2022.

Recently Activision Blizzard, Inc settled with the U.S. Securities and Exchange Commission ("SEC") to pay $35 million after allegations that Activision Blizzard, Inc violated the whistleblower-protection rule by requiring former employees to provide notice to the company if they were contacted by the SEC's staff for information. Allegations included that the company lacked sufficient internal control and procedures among its separate business units. This resulted in Activision Blizzard, Inc failing to identify issues within the company that would require public disclosure.

On February 28, 2023, shares of Activision Blizzard, Inc closed at $76.25 per share.

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.