Activision Blizzard has agreed to pay $35 million to settle a pair of charges related to complaints of workplace misconduct, the US Securities and Exchange Commission has announced
has agreed to pay $35 million to settle a pair of charges related to complaints of workplace misconduct, the US Securities and Exchange Commission announced.
In a statement released on Friday, the SEC said the Call of Duty and Warcraft publisher had previously lacked the tools and procedures necessary to adequately collect and analyse employee complaints of workplace misconduct. The government agency, which is tasked with protecting investors and maintaining fair, orderly and efficient markets, also said Activision Blizzard had broken the law by violating an SEC whistleblower protection rule.“We are pleased to have amicably resolved this matter. As the order recognizes, we have enhanced our disclosure processes with regard to workplace reporting and updated our separation contract language.
Without admitting or denying the findings, Activision Blizzard agreed to a cease-and-desist order and to pay a $35 million penalty. “The SEC’s order finds that Activision Blizzard failed to implement necessary controls to collect and review employee complaints about workplace misconduct, which left it without the means to determine whether larger issues existed that needed to be disclosed to investors,” said Jason Burt, director of the SEC’s Denver regional office.
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