Technology,
Labor/Employment,
Civil Litigation
Apr. 21, 2022
US judge dismisses shareholder lawsuit against Activision
The complaint did not specify statements Activision Blizzard executives made that are alleged to have misled shareholders, or give reasons why a statement was misleading, U.S. District Judge Percy Anderson wrote.
Activision Blizzard Inc. did not lie to its shareholders by downplaying allegations of workplace discrimination and sexual harassment that made its stock plunge, a federal judge ruled in dismissing a proposed securities class action.
“The plaintiff must plead a highly unreasonable omission involving not merely simple or even inexcusable negligence but an extreme departure from the standards of ordinary care, and which presents a danger of m...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In