Saturday September 30, 2023
Law

Legal Woes Ease for Activision Blizzard

  • Activision Blizzard is no longer facing a class-action lawsuit in California.
  • The lawsuit claimed Activision misled investors regarding allegations of sexual harassment and discrimination.
Tarcil Tarcil
Front Office Sports Today

Donovan McNabb and the State of Football

From Taylor Swift to the Prime Effect, there's a lot going on in the world of football.
Listen Now
September 29, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

Activision Blizzard is no longer facing a class-action lawsuit in California that claimed the video game publisher misled investors regarding allegations of sexual harassment and discrimination against its female employees. 

The lawsuit — filed by shareholders in August 2021 — was dismissed by U.S. District Judge Percy Anderson, who found the investors failed to provide evidence of false statements made by Activision.

Anderson also ruled that Activision didn’t have a duty to disclose investigations by three separate government agencies: the California Department of Fair Employment and Housing, the Equal Employment Opportunity Commission, and the Securities and Exchange Commission.

Activision’s legal jeopardy regarding sexual misconduct and harassment is far from over, as it faces an ongoing investigation. Recently, the company has taken steps to combat its ongoing issues. 

  • It added two women, Lulu Cheng Meservey and Kerry Carr, to its board.
  • Meservey serves as VP of communications at Substack, while Carr is a senior VP at Bacardi.

The investigation could also stand in the way of Microsoft’s deal to acquire Activision for $68.7 billion. The deal, announced in January, is currently under regulatory review.

Steady Business 

Activision generated $2.1 billion in revenue in Q4 2021, compared to $2.4 billion in revenue for the same period the year prior. The company reported 371 million monthly active users in Q4.

Full-year revenue for Activision reached $8.8 billion, up from $8 billion in revenue in FY2020.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

Sponsored

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
Sponsored

How Daktronics Helps Elite Athletic Programs Secure Top Talent

How colleges are utilizing Daktronics' displays to elevate recruiting.

WBD Pursues ‘Different’ Strategy For Sports on Max

Company to place all of its live sports on new streaming tier

Colorado's Epic Victory Sets New ESPN Prime Time Viewership Record

Coach Prime Deion Sanders delivered in prime time on ESPN.
podcast thumbnail mobile
Front Office Sports Today

Donovan McNabb and the State of Football

0:00
0:00

Featured Today

Ryder Cup’s Future Hanging In The Balance Amid Saudi Disruption

An unexpected change could be coming to the Ryder Cup.
September 29, 2023

Colorado Has Become the Hollywood of College Football. This Weekend Proves It.

Folsom Field will welcome dozens of Hollywood stars on Saturday.
Toy Story
September 29, 2023

‘Toy Story’ Success Could Lead to More Disney-Branded NFL Kid-Casts

A successful ‘Toy Story’ game could open the door for other franchises.
Kansas City Chiefs tight end Travis Kelce on field after the game at GEHA Field at Arrowhead Stadium.
September 29, 2023

Taylor Swift Shaking Up Travis Kelce, Chiefs Prop Betting Market

Sportsbooks are capitalizing with Taylor Swift-themed prop bets.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
Mississippi tackle Michael Oher poses with his family after being selected as the number 23 overall pick to the Baltimore Ravens in the 2009 NFL Draft at Radio City Music Hall in New York City.

Judge Ends Michael Oher’s Conservatorship with Tuohy Family

Oher claims the Tuohys misrepresented their legal relationship to him.
Patrick Reed
September 27, 2023

Judge Dismisses Both of Patrick Reed’s Defamation Cases

A federal judge dismissed both of Patrick Reed’s defamation cases.
NFL concussions
September 27, 2023

The NFL’s $1B Battle Over Concussion Settlement Heats Up

The NFL is seeking at least $1.2 billion from its risk carriers.
Jacksonville Jaguars quarterback Trevor Lawrence is among the FTX endorsers who have reached a settlement for their roles in promoting the crypto exchange.
September 18, 2023

Trevor Lawrence Settles Lawsuit Over FTX Crypto Endorsement

Lawrence has settled while other FTX athlete endorsers still face lawsuits.
Lane Kiffin
September 15, 2023

Ole Miss Football Player Files $40M Lawsuit Against Lane Kiffin, School

Ole Miss coach Lane Kiffin is being sued by one of his players.
Senate Hearings
September 13, 2023

Senate Subpoenas Saudi Investment Fund Records in PGA Tour Inquiry

Senate hearing reveals deep concerns about the potential PGA Tour-LIV deal.
Jim Trotter
September 12, 2023

Reporter Jim Trotter Sues NFL, Alleges NFL Owner Made Racist Remark

Trotter alleged Terry Pegula made a "highly offensive and racist" remark.