Even New York City Is Going After Bobby Kotick Now

The New York City Employees’ Retirement System is filing suit against Activision and its CEO.

QuintLyn Bowers
By QuintLyn Bowers, News Editor Posted:
Share:

Activision Blizzard NYC Suit

It’s no longer just California that’s going after Activision and CEO Bobby Kotick. Now, the east coast is getting in on the action, too. According to a report on Axios, the New York City Employee’s Retirement System and pension funds for the city’s teachers, police, and firefighters has filed suit in Delaware's Court of Chancery demanding that the company provide a list of documents, including the ones associated with the potential Microsoft buyout and the other five possible buyers mentioned in Activision’s account of talks.

The complaint asserts that Kotick wasn’t the appropriate person to be involved in these negotiations, due to his “personal responsibility and liability for Activision’s broken workplace”. New York believes that Kotick and the other directors plan to use the Microsoft deal as a way to “escape liability for their egregious breaches of fiduciary duty”. They also assert that the $95 per share purchase price undervalues the company.

This latest suit just adds to a long list of actions being taken against the game developer and its CEO – eight of which are lawsuits over the potential merger. However, four of those were voluntarily dismissed. Other actions include an SEC investigation into insider trading and two shareholder lawsuits.

Note: Activision Blizzard is still under investigation by the state of California for serious harassment charges. CEO Bobby Kotick is alleged to have known about such actions within his company – and performed some himself – and shielded the perpetrators from consequences.

Share:
Got a news tip? Contact us directly here!

In this article: Activision Blizzard.

About the Author

QuintLyn Bowers
QuintLyn Bowers, News Editor
QuintLyn is a long-time lover of all things video game related will happily talk about them to anyone that will listen. She began writing about games for various gaming sites a little over ten years ago and has taken on various roles in the games community.

Discussion (0)


Read Next

Sir Dapper Duckington Esquire Returns In Trove’s Spring Fling Event

Sir Dapper Duckington Esquire Returns In Trove’s Spring Fling Event

The event features new activities in addition to some old favorites.

By QuintLyn Bowers - 1 year ago

You May Enjoy

Final Fantasy XIV Patch 6.5 Is Almost Upon Us, And The Preliminary Patch Notes Have Arrived

Final Fantasy XIV Patch 6.5 Is Almost Upon Us, And The Preliminary Patch Notes Have Arrived

Here’s hoping you have everything ready.

By QuintLyn Bowers - 3 days ago
Nightingale Developer Update Explains Early Access Delay, Because Even In Early Access You Only Get One Chance To Impress

Nightingale Developer Update Explains Early Access Delay, Because Even In Early Access You Only Get One Chance To Impress

They’re taking the fact that a launch is a launch seriously.

By QuintLyn Bowers - 1 week ago
Riders Republic Adds Skateboarding As A Sport And Offers Free Weekend

Riders Republic Adds Skateboarding As A Sport And Offers Free Weekend

This expansion also features a new area.

By Matthew D'Onofrio - 5 days ago
8 MMORPGs You Can Play On Steam Deck

💣 Feature | 8 MMORPGs You Can Play On Steam Deck

Take these MMORPG Games on the go.

By Troy Blackburn - 2 days ago
Stunlock Studios Implementing Changes To V Rising Engine Prior To Launch

Stunlock Studios Implementing Changes To V Rising Engine Prior To Launch

The 1.0 version will be far more stable and easier to update.

By QuintLyn Bowers - 4 days ago
As Epic vs Apple Continues, Epic Games Announces Deep Cutting Layoffs

As Epic vs Apple Continues, Epic Games Announces Deep Cutting Layoffs

The company is laying off about 16% of its staff.

By QuintLyn Bowers - 4 days ago