We're thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of "Playing the Edge." Apply to speak here and learn more about sponsorship opportunities here. At the event, we will also announce 25 top game startups as the 2024 Game Changers. Apply or nominate today!
Activision Blizzard shed another lawsuit today. A U.S. District Court judge has dismissed the investor lawsuit against the company. This comes less than a month after the publisher settled a sexual harassment lawsuit for $18 million.
A group of Activision Blizzard investors filed the lawsuit last year. The plaintiffs claimed that the company’s leadership failed to disclose problems within the publisher and misled investors as to their severity. These problems include the rampant harassment and discrimination alleged by the Department of Fair Employment and Housing lawsuit. They also alleged that the company had failed to report the ongoing DFEH investigation.
The judge granted Activision’s motion to dismiss the case. To sum up the docket, the court found that the plaintiffs (the investors) offered “a speculative conclusion without sufficient details about Defendants’ conduct to raise a strong inference of scienter.” (“Scienter” meaning a knowledge of wrongdoing.)
One line of the ruling that caught my eye is the court’s comment about the climate around sexual harassment allegations. The investors apparently claimed that, following the MeToo movement, it was especially irresponsible of the defendants not to recognize that investigations would harm the company’s reputation. The judge responded, “The backdrop of the #MeToo movement and national media coverage of accused industry titans is too vague a concept to raise a strong inference of scienter.”
GamesBeat Next 2023
Join the GamesBeat community in San Francisco this October 24-25. You’ll hear from the brightest minds within the gaming industry on latest developments and their take on the future of gaming.
Meanwhile, the Wall Street Journal reported that the Daily Mail’s online arm, MailOnline, tried twice to publish a story about a restraining order against Bobby Kotick by his ex-girlfriend. Both times, the story was allegedly squashed at the behest of his then-girlfriend, Meta’s COO Sheryl Sandberg, who threatened the publication’s relationship with Facebook. Sandberg denied the allegations to the WSJ.
GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings.