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Activision Blizzard Shareholders File Class-Action Lawsuit

Activision Blizzard shareholders have filed a class-action lawsuit, alleging that the company made misleading statements in annual reports to investors.

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techraptor.net
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Sonic-and-Crash49d ago (Edited 49d ago )

it gets better and better ....

hey Activision i have an ultra helpful secret advice to boost you finances now that your stock is dropping.....sell that Crash IP to Sony ;).....

wasnt yours from the start and Crash 4 flopped anyways so it is a win win for all of us

Jin_Sakai49d ago (Edited 49d ago )

I love seeing Activision burn. Don’t think we don’t remember that $200 million bonus while laying off your employees. But hey, I guess those $200 gift cards made up for everything.

neomahi49d ago (Edited 49d ago )

Theres a lot of people that work for A/B that could be losing their jobs. Its holding people accountable for their actions regardless of social standing or position to show that NOBODY is above the law, but seeing others lose their jobs in an already struggling economy isnt what we want. Remove the cancer to allow the body to heal is the objective.

Youre a tool, dude, I read your posts a LOT because you post a lot and youre like a boat on the sea during a storm, you just drift along letting the waves dictate where you go. Youre behavior and responses are never consistent, you go with whats popular, youre a tool, dude.

lociefer49d ago

If it hurts bobby, we happy

specialguest49d ago (Edited 49d ago )

This lawsuit will not be impactful. Shareholders file lawsuits all the time with many corporations when there's bad press. Some of the shady business practices done in the past like ridiculous micro transactions, loot boxes, and so on done by big video corps like Activision and EA were to please the shareholders and not necessarily to benefit gamers. I feel indifferent about this situation

metalgod8849d ago (Edited 49d ago )

Whether it is or is not impactful to the company remains to be seen. But unlike the 'normal' situation of shareholders suing the company they own a part of, Activision Blizzard also has a large amount of employees on strike. Their consumer base is unhappy and their stock value is tanking.

The question is, will all of this actually impact their business? I certainly hope so. Anyone working at a game studio should have the right to a union to ensure wages are fair no matter the person. There needs to be a lot of change in the industry which is why this situation in particular is so important.

Activision Blizzard needs to be made an example of to show what happens when they treat their employees like we see so many other companies do.

kevinsheeks49d ago

The shills in the other thread told me to feel bad for not caring for billion dollar corporations who actively go out their way to harm their employees and sabotage attempts at forming unions.

XxSPIDEYxX49d ago

Crash and Burn Activision.

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