Activision Blizzard is now the subject of an “extensive” Securities and Exchange Commission investigation over its handling of employee complaints about sexual misconduct and discrimination in the workplace. According to wall street journalThe SEC, a US government agency, is seeking notes recorded during board meetings since 2019, files from six former employees, and separation agreements from this year.
The SEC has also summoned several company executives, including CEO Bobby Kotick, and wants records of Kotick’s communications with other company executives regarding complaints of sexual harassment and discrimination.
The investigation adds to the pressure that Activision Blizzard is already facing in the wake of a discrimination and sexual harassment lawsuit filed against it by the California Department of Fair Employment and Housing in July. That lawsuit expanded in August when DFEH claimed that Activision was actively obstructing its legal action, including sabotaging documents related to “investigations and complaints” and a union-led audit to audit its internal policies. Hiring the opposing law firm was involved.
Changes in the human resources department and corporate commitments to new employees have also failed to placate employees; Last week, the employee group known as “A Better ABK” (a reference to Activision Blizzard King) joined with Communications Workers of America to file a complaint with the National Labor Relations Board, alleging that the company had Threatened and intimidated employees. Prevent them from discussing alleged labor violations.
Formed in 1934 in the wake of the infamous Wall Street crash of 1929, the SEC’s primary mission is to “protect investors, maintain fair, orderly and efficient markets, and facilitate capital formation,” says its website. It produces a huge stick with tasks and responsibilities ranging from credit rating and information technology to equal employment opportunities, international affairs, ethics and inclusion of women and minorities.
An SEC spokesperson said in an email to PC Gamer that the agency “does not comment on the existence or non-existence of a potential investigation.” An Activision Blizzard representative confirmed that an investigation is underway, however.
A spokesperson said, “The US Securities and Exchange Commission is conducting an investigation regarding the company’s disclosures regarding employment matters and related issues, and has issued subpoenas to the company and a number of current and former employees seeking information related to this.” Huh.” “The company is cooperating with the SEC.”