NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Activision Blizzard, Inc. (“Activision” or the “Company”) ATVI. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Activision and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On February 3, 2023, the Securities and Exchange Commission announced that Activision “agreed to pay $35 million to settle allegations it failed to maintain disclosure controls and procedures to ensure that… the company can assess whether its disclosures regarding its workforce have been appropriate . The company has also settled charges of violating an SEC whistleblower protection rule.

As a result of this news, Activision’s stock price fell $5.53 per share, or 7.17%, in the following two trading days to close at $71.58 per share on February 6, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980