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Call of Duty The publisher Activision Blizzard is under investigation for fraud after a claim was filed by the company's investors. Currently, the Pomerantz LLP law firm is bringing together potential investors for a class action lawsuit, but so far no official lawsuit has been filed.
While the timing of the announcement may suggest that the investigation is related to the recent separation of Activision and Bungie, the press release does not mention any connection. Still, Activision's actions fell after the announcement that Bungie would separate from Activision and receive Destiny franchise, which certainly did not please the company's investors.
Given this information, it is possible that investors have asked the investigation to see how much Activision Blizzard knew before the split and whether that affected the share price. Another possibility is that the shares would be sold shortly before the split was announced, which would constitute insider trading.
The only thing we can say with certainty at this point is that Activision police officers allegedly participated in fraud or other illegal commercial practices. It is a very broad statement that could have huge ramifications for Activision if it were true, but could easily be eliminated after some general questioning.
However, it's fair to say that Activision had a difficult week. Although the separation of Bungie seems to be friendly, many Destiny fans and even other editors are excited about the prospect that Bungie will operate beyond Activision. There is a belief among the community that Activision was forcing many of the unpopular resources in Destiny like Eververse and Season Passes, but it was just a guess. In essence, Activision is what prevented Destiny from realizing its true potential.
Regardless, it is important to note that Activision Blizzard is only under investigation. There is no active process and Pomerantz is just trying to lure investors into potential collective action.
Source: PR Newswire
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