Activision Gets Securities Claims Over Alleged Workplace Harassment Booted

Mealey's (January 27, 2023, 1:51 PM EST) -- LOS ANGELES — Even with the inclusion of additional allegations to support their claims that video game developer Activision Blizzard Inc. and several of its current and former senior executives failed to disclose that the company was beset by a culture of sexual harassment and gender-based discrimination, shareholders have failed to sufficiently plead any actionable misstatements and/or omissions or scienter in stating their claims for violation of federal securities law, a federal judge in California ruled in granting the defendants’ motion to dismiss....