Activision Blizzard settles SEC charges for $35 million | CNN Business

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Activision Blizzard will pay $35 million to settle US government allegations that the company violated a whistleblower protection rule and lacked processes to collect workplace misconduct complaints, according to the Securities and Exchange Commission

The agreement announced Friday is the latest blow to the embattled publisher, which has faced widespread criticism over numerous allegations of sexual harassment, retaliation and other workplace misconduct. The company is also the subject of a highly scrutinized $69 billion acquisition deal by Microsoft.

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 began asking them questions. The company’s settlement with the SEC is not an admission of fault. In a statement, Activision Blizzard said it was pleased to have resolved the government investigation.

 

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