Acquisitions & Takeovers author_name|Kris Holt Business Company Legal & Law Matters Finance Investment & Company Information language|en-US Mergers provider_name|Engadget region|US site|engadget

NYC targets CEO Bobby Kotick in latest Activision Blizzard lawsuit

He was hit with another lawsuit, this time from New York officials. The suit, originally obtained by targets CEO Bobby Kotick. He accuses him of “not being fit” to negotiate the pending sale of his company to Microsoft, citing “personal responsibility and liability for Activision’s broken workplace.”

The lawsuit was filed by the New York City Employee Pension System and pension funds representing police, teachers, and firefighters. Plaintiffs, who own shares in Activision Blizzard, argue that the Microsoft settlement provided “a way for Kotick and other fellow executives to evade liability for their gruesome breach of fiduciary duty.”

Since last July, Activision Blizzard has been the target of multiple lawsuits. He was charged, and some made allegations of workplace and discrimination. In March, a wrongful death lawsuit was filed against the company. Activision Blizzard also said: announced yesterday that it is cooperating on “disclosure on employment matters and related matters”.

in November, He reported that Kotick was aware of many of the alleged harassment cases and may have protected employees accused of misconduct. This report and alleged workplace issues are said to be. The companies announced the sale in January.

New York City alleges that the $68.7 billion Microsoft deal, worth $95 per share, devalued a company that traded near that price before the California Department of Fair Employment and Housing sued and sparked a wave of lawsuits last summer. The NYC plaintiffs are seeking access to various company documents, including those related to the pending takeover and details of five other potential buyers that Activision has mentioned in the filings related to the sales negotiations.

Activision Blizzard shareholders struck a Microsoft deal last week. The companies hope to complete the merger by the end of June 2023, although they still need approval from regulators in the US, UK, China, European Union and some other markets. If the sale happens, Kotick .

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