GlobeNewswire Inc | Sep 29, 2021 10:41AM EDT

September 29, 2021

SAN FRANCISCO, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Activision Blizzard, Inc. (NASDAQ: ATVI) investors with significant losses to submit your losses now.

Class Period: Aug. 4, 2016 ? July 27, 2021Lead Plaintiff Deadline: Oct. 4, 2021Visit: www.hbsslaw.com/investor-fraud/ATVIContact An Attorney Now: ATVI@hbsslaw.com 844-916-0895

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

The action challenges Defendants downplaying of Activisions liability stemming from certain labor matters, falsely characterizing these proceedings as routine and not significant.

In truth, Defendants concealed that: (1) Activision discriminated against female and minority employees, (2) Activisions HR department and executives failed to address numerous complaints about unlawful harassment, discrimination and retaliation, and (3) Activisions workplace culture would seriously impair the companys operations.

The truth emerged on July 20, 2021, when the California regulators sued Activision alleging 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.

Then, on Sept. 20, 2021, Activision Blizzard announced the SEC issued subpoenas seeking information about the companys disclosures and employment-related conduct.

Most recently, on Sept. 27, 2021, the company announced an $18 million settlement with federal regulators resolving sexual harassment, pregnancy discrimination and retaliation claims.

These events drove the price of Activision 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, 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 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