Activison Blizzard, the developer and publisher of major game brands, will pay a $35 million fine as a result of the lawsuit filed against its CEO and other senior executives for “abuse of high position”.
Activision Blizzard, which was first sued on sexual harassment charges in 2021 and paid a high amount of fines, came to the fore with another lawsuit filed in the same period but not concluded until the past day.
In the lawsuit, the US Security and Trade Commission (SEC), the company’s CEO, Bobby Kotick, abuse of high position in the workplace summoned to court on charges. That case was concluded yesterday.
Activision Blizzard to pay $35 million fine
Bobby Kotick
The SEC launched its investigation into Activision Blizzard in September 2021, and CEO Bobby Kotick and other senior executives abuse and harassment using their positions summoned to court over high-profile allegations.
After the SEC completes its investigation, it will enable Activision Blizzard to collect and analyze employee complaints about workplace misconduct. accused of failing to maintain controls and procedures.
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As a result, Activision Blizzard management did not have enough information to understand the volume and content of employee complaints about workplace misconduct, and lacked the tools to determine whether there were larger issues that needed to be disclosed to investors. The company is fully to pay a fine of $35 million was sentenced.
Source :
https://www.ign.com/articles/activision-blizzard-charged-35-million-by-the-us-securities-and-exchange-commission