• Loading stock data...
Saturday, July 19, 2025
Law

Activision Blizzard Faces SEC Probe

  • Activision Blizzard is facing a probe from the Securities and Exchange Commission over investor communications around sex harassment claims.
  • It is also negotiating a settlement with the Equal Employment Opportunity Commission.
Activision/Design: Alex Brooks

Activision Blizzard’s sexual harassment and toxic workplace issues are receiving federal attention: The company is being investigated by the Securities and Exchange Commission.

The SEC has subpoenaed the company and several top executives, including CEO Bobby Kotick, seeking minutes from board meetings, personnel files, and separation agreements, according to the Wall Street Journal.

The agency has also asked for communications between Kotick and other senior executives regarding sexual harassment and discrimination complaints. It is seeking to determine if investors should have been contacted earlier about certain complaints.

The $57 billion market cap company is now facing legal action from at least three government agencies.

  • The Equal Employment Opportunity Commission has been investigating gender-based harassment claims at the company since at least May 2020.
  • The company is discussing a settlement with the EEOC that would likely cost it millions of dollars.
  • In July, the California Department of Fair Housing and Employment filed a lawsuit alleging that women at the company were paid less than men for similar work. 

The legal action coincides with a 26% drop in Activision Blizzard’s stock price from mid-June to market close on Tuesday, despite a second quarter that saw company revenues rise 18.8% to $2.3 billion.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Alabama’s New Era Contends With NIL—and Nick Saban Rumors

Kalen DeBoer is entering his second season as head coach.
Texas Head Coach Steve Sarkisian waits to lead his team out of the tunnel ahead of the Longhorns' game against the Baylor Bears, Saturday, Sept. 23 at McLane Stadium in Waco.

Is a Texas Takeover About to Hit the SEC, On and Off..

The Longhorns are favored to win the SEC in their second year in the conference.
Georgia takes the field for the first half of the SEC championship game against Texas in Atlanta, on Saturday, Dec. 7, 2024.

SEC Lands Starring Role in Netflix College Football Docuseries

Netflix brings its sports storytelling to the heart of SEC football.

Georgia’s Kirby Smart Says Money Is Making Players Too Comfortable

The football coach is concerned about the revenue-sharing era.

Featured Today

Ryan Field Construction
exclusive

First Look Inside Northwestern’s $862 Million New Ryan Field

Five big things FOS learned on our exclusive stadium tour.
Jul 21, 2024; Ayrshire, SCT; Xander Schauffele celebrates with Claret Jug after winning the Open Championship golf tournament at Royal Troon.
July 17, 2025

The Boozy History and Traditions of The Open’s Claret Jug

The Open awards the world’s most famous wine decanter.
2025 PDC World Darts Championship Final - Luke Littler vs Michael Van Gerwen
July 16, 2025

A Teen Darts Prodigy Is Becoming Bigger Than the Game Itself

Luke ‘The Nuke’ Littler is cashing in on his devastatingly accurate shot.
May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
exclusive
July 13, 2025

Track’s New Money Is Running Into Old Problems

The sport’s big-money era has hit some speed bumps in 2025.
Princeton

Transgender Sprinter Sues Princeton Over Last-Minute Ban

The sprinter was removed 15 minutes before her race.
Caster Semenya
July 10, 2025

Caster Semenya’s Legal Win Could Reopen Fight Against Testosterone Limits

The Olympian champion’s appeal against gender eligibility rules continues.
July 16, 2025

Judge Rules for NFL, Fanatics Against Small Apparel Seller

The lawsuit argued the NFL “aids and abets” Fanatics with its strategy.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
A set of trading cards
July 9, 2025

Judge Rules Against Fanatics as Panini Case Gets Rancorous

A judge ordered Fanatics to turn over unredacted trading card licenses.
May 9, 2024; Columbus, OH, USA; Sports are shown on TVs behind the bar as guests enjoy the grand opening of DraftKings Sports & Social in the Short North. Though there are no on-site betting windows, eligible customers can place bets through the DraftKings app.
July 3, 2025

PrizePicks Drops Suit Against Ex-Employee Who Left for DraftKings

The ex-employee still disputes the allegations.
Wander Franco
June 26, 2025

Wander Franco Convicted of Child Sex Abuse, Receives 2-Year Suspended Sentence

Franco can avoid jail time but is unlikely to return to MLB.
Wimbledon
June 25, 2025

Players Suing Tennis Begin Negotiations With Grand Slams

They may add the Slams as defendants if talks fail in 90 days.