Activision Blizzard will pay $35 million to settle US government allegations that the gaming giant violated a whistleblower protection rule and lacked processes to collect complaints of workplace misconduct, according to a statement. the Securities and Exchange Commission.
The settlement announced on Friday is the latest blow to the embattled publisher, which has faced widespread criticism over numerous allegations of sexual harassment, retaliation and other misconduct in the workplace. The company is also the subject of a highly scrutinized $69 billion acquisition deal by Microsoft.
Due to a lack of procedures for understanding the breadth and nature of misconduct claims, Activision Blizzard was unable to adequately determine whether it needed to disclose these matters to investors, the SEC said.
The SEC also alleged that between 2016 and 2021, Activision Blizzard illegally included a clause in employee separation agreements that required them to notify the company if the SEC started asking questions.
The company’s settlement with the SEC is not an admission of guilt. In a statement, Activision Blizzard said it was pleased to have resolved the government’s investigation.
This article used as a source the writing by Brian Fung to the website CNN Business.
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