Workplace Harassment Claims Do Not Amount To Securities Fraud, Company Argues

Mealey's (January 14, 2022, 8:49 AM EST) -- LOS ANGELES — Dismissal of federal securities law claims in a shareholder class action against video game publisher Activision Blizzard Inc. and certain of its current and former senior executives stemming from their alleged concealment of workplace discrimination at the company is necessary because shareholders have failed to sufficiently plead any actionable misstatements or omissions or scienter in pleading their federal securities law claims, the defendants argue in a Jan. 11 motion to dismiss filed in California federal court....