More than two months after the California Department of Fair Employment and Housing filed a lawsuit against Activision Blizzard for violating the state’s “civil rights and equal pay” law, Wall Street Journal According to the report, the SEC is investigating. The federal agency called the Securities and Exchange Commission is investigating the publishers of Call of Duty and World of Warcraft and has ordered subpoenas to be issued to senior executives.
According to one Article published today From Wall Street JournalKirstin Grind and Sarah E. Needleman, the US Securities and Exchange Commission has “opened an extensive investigation into Activision Blizzard, including how the video game publishing giant handled allegations of sexual misconduct and workplace discrimination by employees.” The subpoena. It has been sent to CEO Bobby Kotick and other senior executives of the company. What kind of information does the US Securities and Exchange Commission want Activision Blizzard executives to provide? Judging from the voices reported by Grind and Needleman, there are quite a few.
Much of the required information is in the meeting documents and discussions between the executive teams. Allegedly, the SEC has requested “provide the minutes of Activision’s board of directors meetings since 2019, the personnel files of six former employees, and the resignation agreement reached by the company this year with employees.” This is between Kotick and his executive team members.” The basis of communication regarding sexual harassment or discrimination complaints by Activision employees or contractors. According to reports, Activision spokesperson Helaine Klasky said that the company is cooperating with the US Securities and Exchange Commission’s investigation.
If anything, this additional focus on Activision Blizzard’s internal issues focuses on compensation disputes and sexual harassment allegations, and has the ability to carry out some radical cultural changes in the company. It takes time to see the development of this part of the legend, but we will do our best to keep our readers up to date. Please take a moment to review Liana Ruppert’s report on Activision Blizzard’s litigation, which started making waves in July to get a more complete picture of the situation staff faced with publishers.