Activision Blizzard will pay $35m USD to settle charges raised by the US Securities and Exchange Commission (SEC) follo…
raised by the US Securities and Exchange Commission following a probe relating to workplace misconduct., subpoenaing CEO Bobby Kotick and other senior executives to provide their internal communications regarding the company's response to the high-profile allegations of widespread misconduct and harassment within the company.
After concluding its investigation, the SEC charged that the publisher had failed to maintain disclosure controls and procedures that would ensure it could adequately collect and analyse employees' complaints of workplace misconduct.
Additionally, in a separate charge, the SEC said Activision Blizzard had illegally violated its whistleblower protection rule by requiring former employees to inform the company if they received a request for information from the Commission's staff. In a statement provided to press, Activision Blizzard - which settled without admitting or denying the SEC's allegations - said,"We are pleased to have amicably resolved this matter. As the order recognises, we have enhanced our disclosure processes with regard to workplace reporting and updated our separation contract language."
Today's penalty agreement follows Activision Blizzard's $18m USD settlement of a 2021 Equal Employment Opportunity Commission sexual harassment lawsuit, which was
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