Activision Blizzard, Inc. Securities Litigation

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Lawsuit Overview

Defendant:Activision Blizzard, Inc
Date Filed:January 18th, 2019
Sector:Technology
Industry:Computer Software: Prepackaged Software

According to the Complaint, Activision Blizzard develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The Company was formed in July 2008 as the result of a merger between Activision, Inc. and Vivendi Games, the holding company for the video game studio Blizzard Entertainment.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) the termination of Activision Blizzard and Bungie Inc.'s partnership, giving Bungie full publishing rights and responsibilities for the Destiny franchise, was imminent; (ii) the termination of the two companies' relationship would foreseeably have a significant negative impact on Activision Blizzard's revenues; and (iii) as a result, Activision Blizzard's public statements were materially false and misleading at all relevant times.

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First Identified Complaint

Mohamad Al Labade, et al. v. Activision Blizzard, Inc., et al.

Date Filed:January 18th, 2019
Class Period Start:August 2nd, 2018
Class Period End:January 10th, 2019
First Identified Complaint Filings
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