Category: ATVI

ATVI – Activision Update

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Activision To Contact Him Directly To Discuss Their Options

New York, New York–(Newsfile Corp. – August 22, 2021) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Activision Blizzard, Inc. (“Activision” or the “Company”) (NASDAQ: ATVI).

If you suffered losses exceeding $50,000 investing in Activision stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: http://www.faruqilaw.com/ATVI.

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There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.

The investigation focuses on whether the Company failed to disclose information pertinent to investors and/or issued false, misleading statements. Activision Blizzard is the target of a lawsuit filed by California’s Department of Fair Employment and Housing on July 20, 2021. The lawsuit claims that executives were aware of women working at the Company that were being subjected to “constant sexual harassment”. The lawsuit alleges that the Company violated the Equal Pay Act and the Fair Employment and Housing Act.

Based on this news, shares of Activision Blizzard suffered considerable losses over the next several trading sessions.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93992

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ATVI – Activision Blizzard Shares: $105 Target From Citi

  • The shares of Activision Blizzard, Inc. (NASDAQ: ATVI) have received a price target of $105 from Citi. These are the details.

The shares of Activision Blizzard, Inc. (NASDAQ: ATVI) have received a price target of $105 from Citi. And Citi analyst Jason Bazinet upgraded Activision Blizzard to “Buy” from “Neutral.”

Bazinet had reduced the price target from $110 to $105. As the company shares fell about 10% over the past 3 months to put them 18% of their high for the year, Bazinet believes that the risk/reward became more compelling.

Bazinet believes that the pullback was due to negative headlines associated with Blizzard’s work environment along with concerns over tougher Chinese regulatory environments. But Bazinet acknowledged that the concerns about both of these issues are more than priced into the shares at the current levels.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

ATVI – Rosen, Global Investor Counsel, Encourages Activision Blizzard, Inc. Investors with Losses Exceeding $100K to Secure Counsel Before Important October 4 Deadline in Securities Class Action Commenced by the Firm – ATVI

New York, New York–(Newsfile Corp. – August 20, 2021) – WHY: New York, N.Y., August 20, 2021. Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Activision Blizzard, Inc. (NASDAQ: ATVI) between August 4, 2016 and July 27, 2021, inclusive (the “Class Period”) of the important October 4, 2021 lead plaintiff deadline in the securities class action commenced by the firm.

SO WHAT: If you purchased Activision Blizzard securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Activision Blizzard 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. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 4, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation

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.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Activision Blizzard discriminated against women and minority employees; (2) Activision Blizzard fostered a pervasive “frat boy” workplace culture that continues to thrive; (3) numerous complaints about unlawful harassment, discrimination, and retaliation were made to human resources personnel and executives which went unaddressed; (4) the pervasive culture of harassment, discrimination, and retaliation would result in serious impairments to Activision Blizzard’s operations; (5) as a result as a result of the foregoing, the Company was at greater risk of regulatory and legal scrutiny and enforcement, including that which would have a material adverse effect; (6) Activision Blizzard failed to inform shareholders that the California Department of Fair Employment and Housing had been investigating Activision Blizzard for harassment and discrimination; and (7) as a result, defendants’ statements about Activision Blizzard’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Activision Blizzard 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.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93943

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ATVI – The Law Offices of Frank R. Cruz Announces Investigation of Activision Blizzard, Inc. (ATVI) on Behalf of Investors

LOS ANGELES–()–The Law Offices of Frank R. Cruz is investigating potential claims against Activision Blizzard, Inc. (“Activision” or the “Company”) (NASDAQ: ATVI).

If you are a shareholder, click here to participate.

On July 21, 2021, Bloomberg Law reported that the California Department of Fair Employment and Housing (“DFEH”) had filed a lawsuit against Activision Blizzard, following a two-year investigation that “found the company discriminated against female employees in terms and conditions of employment, including compensation, assignment, promotion, and termination.” Moreover, Activision Blizzard’s female employees, who “make up around 20% of the . . . workforce,” “are subjected to a ‘pervasive frat boy workplace culture.’”

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you still hold Activision shares purchased before January 2021 and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

ATVI – ACTIVISION BLIZZARD SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess Of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Activision Blizzard, Inc. – ATVI

New Orleans, Louisiana–(Newsfile Corp. – August 19, 2021) – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 4, 2021 to file lead plaintiff applications in a securities class action lawsuit against Activision Blizzard, Inc. (NASDAQ: ATVI), if they purchased the Company’s securities between August 4, 2016 and July 27, 2021, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.

What You May Do

If you purchased securities of Activision Blizzard and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-atvi/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 4, 2021.

About the Lawsuit

Activision Blizzard and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On July 20, 2021, the California Department of Fair Employment and Housing filed a lawsuit against the Company alleging violations of the state’s Equal Pay Act as well as the Fair Employment and Housing Act based on disturbing incidents of sexual harassment and assault. On July 27, 2021, Bloomberg reported that thousands of current and former employees of the Company had signed a petition in protest of the Company’s “abhorrent and insulting” response to the lawsuit and had planned walkout and work stoppage the following day, resulting in the Company’s CEO sending a letter to employees apologizing for the Company’s “tone deaf” response to the DFEH lawsuit and promising “swift action to be [. . .] compassionate[,] caring [and] to ensure a safe environment.”

On this news, shares of Activision fell $5.89, or over 6%, to close at $84.05 on July 27, 2021, on unusually heavy trading volume.

The case is Cheng v. Activision Blizzard, Inc., et al., No. 1:21-cv-06240.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93838

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ATVI – Activision Shareholder Alert

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Activision To Contact Him Directly To Discuss Their Options

New York, New York–(Newsfile Corp. – August 19, 2021) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Activision Blizzard, Inc. (“Activision” or the “Company”) (NASDAQ: ATVI).

If you suffered losses exceeding $50,000 investing in Activision stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: http://www.faruqilaw.com/ATVI.

Cannot view this image? Visit: https://www.elitestockchat.com/wp-content/uploads/2021/08/93800_ed664927e40af8d7_001.jpg

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.

The investigation focuses on whether the Company failed to disclose information pertinent to investors and/or issued false, misleading statements. Activision Blizzard is the target of a lawsuit filed by California’s Department of Fair Employment and Housing on July 20, 2021. The lawsuit claims that executives were aware of women working at the Company that were being subjected to “constant sexual harassment”. The lawsuit alleges that the Company violated the Equal Pay Act and the Fair Employment and Housing Act.

Based on this news, shares of Activision Blizzard suffered considerable losses over the next several trading sessions.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93800

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ATVI – 3 Big Takeaways From Activision Blizzard's Earnings Call

Shareholders of Activision Blizzard (NASDAQ:ATVI) are in for another banner fiscal year. The video game developer recently lifted its 2021 outlook after players stayed engaged in franchises like Call of Duty in the early summer. The worries of a sharp slowdown were overblown.

While the company’s short-term outlook is brighter than that of peers like Take-Two Interactive, Activision is still facing some unusual workplace challenges that could hurt investor returns. CEO Bobby Kotick and his team discussed those hits and misses in a conference call with Wall Street analysts, and below are a few highlights from that presentation.

Two people playing a video game.

Image source: Getty Images.

1. It’s a Call of Duty world

Activision enjoyed strong gamer engagement across the portfolio, but the standout franchise was Call of Duty. The audience size declined compared to a year ago, when social distancing was at its peak. But people are spending much more time and money in the ecosystem than they did in 2019.

And the free-to-play mobile and battle royale offerings are funneling demand toward premium titles like Black Ops: Cold War and Modern Warfare. In-game spending was over four times the level from the second quarter in 2019. The audience size was three times higher, executives said. “We continue to see robust engagement even as regions continue to reopen,” Kotick said.

2. The pipeline is stacked

Unlike Take-Two Interactive, which disappointed investors by delaying a few of its core releases, Activision Blizzard is flooding the market with new content. There’s a new premium Call of Duty game set to hit around November and lots of content updates attached to the World of Warcraft (WoW), Candy Crush, and Diablo franchises.

Executives are especially excited about Diablo‘s push into the mobile platform. That’s part of their wider strategy of applying the successful Call of Duty approach to other franchises.

In a nutshell, that involves building a bigger audience through free-to-play options, which end up driving demand for more premium titles. “Our current plans contemplate compelling new experiences across Call of Duty, WoW, and Candy [Crush],” COO Daniel Alegre said, “alongside several major new titles across PC, console, and mobile.”

3. Looking ahead

It’s too early to know whether the regulatory challenge involving Activision’s workplace safety and diversity will cost the company much in terms of penalties or further management changes. But the current outlook is bright for both sales and earnings.

Activision is expecting a strong second half of 2021, including more year-over-year growth, even compared to last year’s surge. Investors will know much more by the third quarter earnings report in three months, which occurs right around the official launch of the annual Call of Duty installment.

But right now, Activision has a clear path toward another record fiscal year. “Our expanded teams are focused on delivering epic in-game and upcoming content,” CFO Armin Zerza said. The reception of those releases will determine whether the growth stock improves just modestly on 2020’s results or turns in another market-thumping performance this year.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

ATVI – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Activision Blizzard, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 4, 2021 – ATVI

New York, New York–(Newsfile Corp. – August 8, 2021) – The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Activision Blizzard, Inc. (“Activision Blizzard”) (NASDAQ: ATVI) between August 4, 2016 and July 27, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Central District of California. To get more information go to:

https://www.zlk.com/pslra-1/activision-blizzard-inc-loss-submission-form?prid=18329&wire=5

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

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Activision Blizzard, Inc. NEWS – ATVI NEWS

CASE DETAILS: According to the filed complaint: (1) Activision Blizzard discriminated against women and minority employees; (2) Activision Blizzard fostered a pervasive “frat boy” workplace culture that continues to thrive; (3) numerous complaints about unlawful harassment, discrimination, and retaliation were made to human resources personnel and executives which went unaddressed; (4) the pervasive culture of harassment, discrimination, and retaliation would result in serious impairments to Activision Blizzard’s operations; (5) as a result of the foregoing, the Company was at greater risk of regulatory and legal scrutiny and enforcement, including that which would have a material adverse effect; (6) Activision Blizzard failed to inform shareholders that the California Department of Fair Employment and Housing had been investigating Activision Blizzard for harassment and discrimination; and (7) as a result, Defendants’ statements about Activision Blizzard’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Activision Blizzard, you have until October 4, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Activision Blizzard securities between August 4, 2016 and July 27, 2021, you may be entitled to compensation without payment of any out-of-pocket costs or fees.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/activision-blizzard-inc-loss-submission-form?prid=18329&wire=5 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.

WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm’s Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services’ (“ISS”) SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs’ securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92450

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ATVI – ATVI ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of October 4, 2021 in the Class Action Filed on Behalf of Activision Blizzard, Inc. Limited Shareholders

New York, New York–(Newsfile Corp. – August 6, 2021) –  The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Activision Blizzard, Inc. (NASDAQ: ATVI) alleging that the Company violated federal securities laws.

Class Period: August 4, 2016 and July 27, 2021
Lead Plaintiff Deadline: October 4, 2021
No obligation or cost to you.

Learn more about your recoverable losses in ATVI:
https://www.kleinstocklaw.com/pslra-1/activision-blizzard-inc-loss-submission-form-2?id=18314&from=5

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Activision Blizzard, Inc. NEWS – ATVI NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that Activision Blizzard, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Activision Blizzard discriminated against women and minority employees; (2) Activision Blizzard fostered a pervasive “frat boy” workplace culture that continues to thrive; (3) numerous complaints about unlawful harassment, discrimination, and retaliation were made to human resources personnel and executives which went unaddressed; (4) the pervasive culture of harassment, discrimination, and retaliation would result in serious impairments to Activision Blizzard’s operations; (5) as a result of the foregoing, the Company was at greater risk of regulatory and legal scrutiny and enforcement, including that which would have a material adverse effect; (6) Activision Blizzard failed to inform shareholders that the California Department of Fair Employment and Housing had been investigating Activision Blizzard for harassment and discrimination; and (7) as a result, Defendants’ statements about Activision Blizzard’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Activision Blizzard you have until October 4, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Activision Blizzard securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the ATVI lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link.

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92393

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