Activision's securities fraud lawsuit has attention of 15 law firms

Fifteen law firms are interested in represented affected shareholders in new securities fraud fraud lawsuits against Activision-Blizzard.

More law firms and attorneys are rallying investors for a new class action securities fraud lawsuit against Activision-Blizzard. The complaints allege the publisher possibly committed securities fraud by withholding information from investors about a new discrimination lawsuit that it's facing.

Following a two-year investigation, the California Dept. of Fair Employment and Housing has filed a discrimination lawsuit against billion-dollar games company Activision. Shortly after news of the lawsuit broke, Activision shares dropped, causing material harm to stakeholders.

Now a plethora of law firms are calling for investors who have lost in excess of $100,000 to possibly stand as a lead plaintiff in a case. Until a plaintiff is named, the case won't have lead counsel and it won't go to trial. It's likely that multiple cases will be combined into one similar to what happened with CD Projekt's own securities fraud lawsuit.

1. Klein Law Firm
2. Kahn Swick & Foti, LLC
3. Levi & Korsinsky, LLP
4. Kaskela Law LLC
5. Thornton Law Firm
6. Rosen Law
7. Jakubowitz Law
8. Schall Law
9. Bronstein, Gewirtz & Grossman, LLC
10. Bernstein Liebhard LLP
11. Gross Law Firm
12. Kaskela Law LLC
13. Bragar Eagel & Squire, P.C.
14. Robbins LLP
15. The Law Offices of Vincent

Other law firms like Pomerantz LLP, RM Law, Lowey Dannenberg, P.C., and Labaton Sucharow are all investigating the company for breach of fiduciary claims.

Despite the lawsuits, Activision-Blizzard expects to make a record $8.5 billion in net revenue in 2021.