The U.S. Securities and Exchange Commission (SEC) has launched an investigation into Activision Blizzard over a multitude of issues, according to a report from The Wall Street Journal<\/a>.<\/p>
The Wall Street Journal also reports that Activision Blizzard has been subpoenaed along with several of its high-ranking executives, including CEO Bobby Kotick, who was compensated $30.1 million<\/a> in 2019. <\/p>
Another lawsuit<\/a>, filed in September, alleges that Activision Blizzard engaged in intimidation and coercive tactics to convince its employees to drop talks of pay discrepancy and ending forced arbitration. <\/p>
The SEC functions as federal protection for investors, who have filed a class-action lawsuit against Activision Blizzard as well. The deadline for those who have purchased securities in Activision Blizzard to join in the lawsuit is today, Sept. 20<\/a>. The class-action, investor-led lawsuit alleges that Activision Blizzard failed its investors by not revealing the scope or severity of the DFEH’s pending lawsuit against the company, thereby misleading those who wanted to invest in the company’s future. <\/p>","protected":false},"excerpt":{"rendered":"