ATVI INVESTOR ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages Activision Blizzard, Inc. Investors with Losses to Inquire About Class Action Investigation - ATVI
NEW YORK, Aug. 2, 2021 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Activision Blizzard, Inc. (NASDAQ: ATVI) resulting from allegations that Activision Blizzard may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Activision Blizzard securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2129.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
WHAT IS THIS ABOUT: On July 20, 2021, California's Department of Fair Employment and Housing ("DFEH") filed a lawsuit against Activision Blizzard, claiming that women who work for Activision Blizzard are subjected to "constant sexual harassment," while Activision Blizzard's top executives and human resources personnel knew about the harassment and not only failed to prevent it, but retaliated against women who complained. The lawsuit alleges violations of the Equal Pay Act and the Fair Employment and Housing Act.
Activision Blizzard responded by saying, "The DFEH includes distorted, and in many cases false, descriptions of Blizzard's past. [. . .] The picture the DFEH paints is not the Blizzard workplace of today."
On July 27, 2021, in response to Activision Blizzard's statement, over two thousand former and current employees signed a petition condemning the Company's response and scheduled a work stoppage in support of the labor lawsuit.
On this news, the price of Activision Blizzard shares traded at unusually high volumes and fell $5.89, or over 6%, to close at $84.05 on July 27, 2021, damaging investors.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
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Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A.
