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Activision Sued For Bobby Kotick’s Alleged Plans to Escape Liability

This time, New York City is leading the suit.
by Natalie Collazo on May 05, 2022   

While it's only alleged that Bobby Kotick moved the plans to sell Activision Blizzard much faster than anticipated the rid himself of any misconduct while he was there, it's definitely possible. A suit was filed in Delaware on April 26 by several groups who own Activision stock and felt that the debacle hurt the company's value. The information being outlined in the suit requires Activision to provide a list of information and documents relating to the sale as well as the supposed five possible buyers that were also cited in Activision's description of the sale.

The specific statement given to warrant this suit is the following.
 

“Given Kotick’s personal responsibility and liability for Activision’s broken workplace, it should have been clear to the Board that he was unfit to negotiate a sale of the Company,” the suit says. “But it wasn’t.”

 
Including this lawsuit, Activision Blizzard has had up to 17 lawsuits related to the sale as well as the harassment and misconduct that fueled the sale. It was reported that Kotick knew of the severity of the situation at the company and planned to make this sale in secret to avoid any liability. Considering the fact that the sale was announced shortly after the allegations were made, it seems that the puzzle pieces are linking together to form the whole picture.

The lawsuit also explains that Microsoft's $95/share offer undervalues the company considering that it was already trading at roughly that amount before the scandal became public last summer.

Check back with DailyGamer as this story develops.

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