Activision Blizzard pays SEC $35 million to settle probe
Publishing timestamp: 2023-02-03 12:21:48
Summary
Activision Blizzard agreed to pay $35 million to settle with the SEC over charges that it failed to maintain adequate disclosure standards and violated federal whistleblower protection rules. The settlement does not constitute an admission or denial of wrongdoing. CEO Bobby Kotick was aware of reports of alleged sexual misconduct at the company, and the company has taken steps to enhance procedures for handling employee complaints.
Sentiment: NEUTRAL
Keywords: microsoft corp, business news, activision blizzard inc, technology, internet,
Source: https://www.cnbc.com/2023/02/03/activision-blizzard-kotick-settles-sec-disclosure-probe.html