Activision to pay $35 million in SEC settlement

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Activision Blizzard has agreed to pay $35 million to settle an investigation by the Securities and Exchange Commission over the company’s policies around workplace complaints and whistleblowers.

Activision Blizzard has agreed to pay $35 million to settle an

The agreement does not include any acknowledgment of wrongdoing but does cite shortcomings in company rules that could have impacted disclosures to investors about risks to the company.

The agency said it had no evidence that ex-workers were prevented from speaking to any investigators and added that Activision dropped this language in early 2022.by the Wall Street Journal in Sept. 2021 in the wake of state and federal lawsuits that summer over alleged gender discrimination and sexual harassment at the company.We are pleased to have amicably resolved this matter,” Activision Blizzard said in a statement provided by spokesperson Caroline Hutcheson.

 

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