Activision Blizzard will not have to face a lawsuit from investors claiming the company lied to them by minimizing the impact of allegedly widespread sexual harassment and discrimination against female employees, a federal judge has ruled.
U.S. District Judge Percy Anderson on Monday concluded that Activision Blizzard didn’t make false statements to shareholders about the gravity of investigations by government agencies with the intent of misleading them. Dismissing the suit for the third time, he found that there’s no duty for disclosures to reveal “any and all material information” but rather only the information “necessary to make statements made not misleading.”
Activision Blizzard investors sued in 2021 alleging that the company downplayed allegations of sexual harassment and gender discrimination, especially at Blizzard Entertainment. They pointed to the board failing to highlight…
