Activision Blizzard is now the subject of a “widespread” investigation by the Securities and Exchange Commission in its handling of employee complaints about sexual misconduct and workplace discrimination. according to The Wall Street JournalThe Securities and Exchange Commission, an agency of the U.S. government, has been asking for notes during board meetings since 2019, files for six former employees, and dismissal agreements from this year.
The Securities and Exchange Commission has also summoned several of the company’s executives, including CEO Bobby Kotick, and wants records of Kotick’s communications with other company executives about sexual harassment and discrimination complaints.
The investigation adds to the pressure Activision Blizzard is already facing in the wake of a Discrimination and sexual harassment lawsuit It was filed against her by the California Department of Employment and Housing in July. That lawsuit was expanded in August when the DFEH alleged that Activision was actively obstructing its legal process, including by Document shredding related to “investigations and complaints” and contracting an anti-union law firm to audit its internal policies.
Corporate commitments to change and new hires in the human resources department have also failed to placate employees; Last week, the employee group known as “A Better ABK” (in reference to Activision Blizzard King) joined the Communications Workers of America Federation. Submit a complaint to the National Labor Relations Board The company allegedly threatened and intimidated employees in order to prevent them from discussing the alleged work violations.
Formed in 1934 in the wake of the notorious 1929 Wall Street Crash, the Securities and Exchange Commission’s primary mission is to “protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation,” its website says. She wields a very large baton, with jobs and responsibilities ranging from credit ratings and information technology to equal employment opportunity, international affairs, ethics, and the inclusion of women and minorities.
A spokesperson for the SEC said in an email to PC Gamer that the agency “does not comment on the presence or absence of a potential investigation.” An Activision Blizzard representative confirmed that an investigation is underway.
“The US Securities and Exchange Commission is conducting an investigation into the company’s disclosures regarding employment and related matters, and has issued subpoenas to the company and several current and former employees seeking information in connection therewith,” a spokesperson said. “The company cooperates with the SEC.”