Activision SEC news: 'We're productively engaging with regulators'

Activision confirms its being investigated by Securities Exchange Commission, says it's complying and engaging with regulators.

@DeekeTweak
Published Tue, Sep 21 2021 4:04 PM CDT   |   Updated Fri, Oct 15 2021 4:02 AM CDT

Activision confirms to investors that it is being investigated by the Securities Exchange Commission, and affirms that it is complying with regulators.

Activision SEC news: 'We're productively engaging with regulators' 12 | TweakTown.com

Following yesterday's reports, Activision-Blizzard has sent out a press release that discloses the ongoing SEC investigation to investors. The billion-dollar gaming giant tells investors and the press that it is engaging and complying with all authorities and regulators.

Bobby Kotick, Chief Executive Officer of Activision Blizzard, said, "We are deeply committed to making Activision Blizzard one of the best, most inclusive places to work anywhere. There is absolutely no place anywhere in our Company for discrimination, harassment, or unequal treatment of any kind. While we continue to work in good faith with regulators to address and resolve past workplace issues, we also continue to move ahead with our own initiatives to ensure that we are the very best place to work. We remain committed to addressing all workplace issues in a forthright and prompt manner."

Kotick also said that the Company continues to productively engage with regulators, including the U.S. Equal Employment Opportunity Commission (EEOC), the National Labor Relations Board (NLRB), and the California Department of Fair Employment and Housing (DFEH) with the goal of improving its workplace policies and procedures and ensuring compliance.

It also confirmed that it is complying with a recent U.S. Securities and Exchange Commission (SEC) subpoena issued to the Company and several current and former employees and executives regarding disclosures on employment matters and related issues. The Company is confident in its prior disclosures and is cooperating with the SEC's investigation.

Activision is currently facing four high-profile complaints that may have precedential effects on the games industry:

  1. California Department of Fair Employment and Housing investigation alleging sexual misconduct and discrimination
  2. Charges of violating National Labor Relations Act with unfair labor practices (ULP) and alleged union busting
  3. Class-action lawsuit alleging securities fraud with over a dozen law firms trying to bring the case to trial
  4. SEC investigation regarding internal communications, workplace discrimination, and potential securities fraud
Buy at Amazon

Call of Duty: Vanguard

TodayYesterday7 days ago30 days ago
$69.99$69.99$69.99
* Prices last scanned on 10/20/2021 at 3:56 pm CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles