GlobeNewswire Inc | Sep 25, 2021 12:35PM EDT

September 25, 2021

SAN FRANCISCO, Sept. 25, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Activision Blizzard, Inc. (NASDAQ: ATVI) investors with significant losses to submit your losses now. A securities fraud class action has been filed.

Class Period: Aug. 4, 2016 July 27, 2021Lead Plaintiff Deadline: Oct. 4, 2021Visit: www.hbsslaw.com/investor-fraud/ATVIContact An Attorney Now:ATVI@hbsslaw.com844-916-0895

Activision Blizzard, Inc. (ATVI) Securities Fraud Class Action:

The action challenges Defendants repeated downplaying of Activision Blizzards liability stemming from certain labor and employment matters, falsely characterizing these proceedings as merely routine and are not significant.

In truth, Defendants actively concealed that: (1) Activision Blizzard discriminated against female and minority employees, (2) the company fostered a frat boy workplace culture that continues to thrive, (3) numerous complaints about unlawful harassment, discrimination and retaliation were made to the companys human resources personnel and executives that went unaddressed, and (4) the workplace culture would seriously impair the companys operations.

The truth emerged on July 20, 2021, when the California Department of Fair Employment and Housing (DFEH) sued Activision Blizzard after a two-year investigation into the companys labor and employment practices. According to DFEH, the companys frat boy culture is a breeding ground for harassment and discrimination against female employees, who are subjected to constant sexual harassment, and high-ranking executives engaged in sexual harassment without repercussions.

Most recently, on Sept. 20, 2021, Activision Blizzard announced the SEC issued subpoenas to the company and several current and former employees seeking information about the companys disclosures and employment-related conduct.

These events drove the price of Activision Blizzard shares sharply lower.

Were focused on investors losses and proving Defendants lied about the seriousness of the companys employment practices, said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Activision Blizzard, or have knowledge that may assist the firms investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Activision Blizzard should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email ATVI@hbsslaw.com.

About Hagens BermanHagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact: Reed Kathrein, 844-916-0895