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Activision Blizzard under investigation by law firm

This concerns securities fraud and "other unlawful business practices", being investigated on behalf of investors.

  • Text: Sam Bishop
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2019 has started off as a busy year for Activision Blizzard, as they've been in the news not only because developer Bungie decided to split with them and take their franchise Destiny too, but also because there are a lot of leadership changes going on behind the scenes as well. Now it seems that there might be trouble on the horizon, as law firm Pomerantz LLP is currently investigating the company on behalf of investors.

"The investigation concerns whether Activision and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices," as the press release puts it, and references the split with Bungie later on. "Bungie had developed the Destiny franchise with Activision as publisher. In the first five days of the Destiny franchise's release, it sold $325M at retail. Following this announcement, Activision's stock price fell sharply during intraday trading on January 11, 2019."

The press release also invites investors to get in touch with the firm, but other than that we don't know a whole lot more about the case. What we do know is that it follows hot on the heels of new Activision CFO Dennis Durkin getting a reported bonus of $15 million USD, another controversy which has caused uproar with some of the fans.

It's hard to say what the future will hold for Activision Blizzard with regards to this lawsuit but also in general, although if you'd like to speculate with us regarding the split with Bungie, we have an article that lets you do just that.

What will we see from Activision Blizzard in 2019?

Thanks, GamesIndustry.biz.

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