Lawsuit filed against Activision Blizzard over alleged misleading merger with Microsoft amid harassment scandal

Law firms Entwistle & Cappucci LLP and Saxena White P.A. have filed a securities class action lawsuit against Activision Blizzard and certain board members. The suit alleges that former executives rushed the sale of Activision to Microsoft to secure personal profits while hiding widespread sexual harassment issues and regulatory investigations. The lawsuit claims misleading statements were made about the merger's fairness and motives, harming shareholders who sold stock between January 2022 and October 2023. Investors affected may seek lead plaintiff status by June 30, 2026, to pursue damages.