Activision Blizzard Settles with SEC for $35 Million Over Workplace Disclosure and Whistleblower Violation Charges

Activision Blizzard previously consented to an $18 million settlement deal with the United States Equal Employment Chance Commission (EEOC) over hostile work environment discrimination, harassment, and culture charges. There was some opposition to that deal, but it was eventually approved by a judge. There are still open cases in locations like California involving those hostile work environment accusations.

The SEC’s order states that between 2018 and 2021, Activision Blizzard was conscious that its ability to bring in, maintain, and encourage staff members was an especially crucial threat in its company, but it lacked controls and treatments amongst its separate organization systems to analyze and collect employee complaints of work environment misbehavior. As an outcome, the companies management lacked enough information to understand the volume and substance of worker complaints about workplace misconduct and did not assess whether any material concerns existed that would have required public disclosure.

When it comes to the existing SEC charges being settled with this brand-new offer, it appears the company can now put those behind it.


When it comes to the whistleblower guideline, the SEC implicated the company of needing workers in separation arrangements to let the business know if they received a request for information from the sec, in infraction of SEC guidelines.

Thus, the settlement simply settles the charges and is not any admission of wrongdoing.

According to the US Securities and Exchange Commission (SEC), Activision Blizzard has actually accepted a $35 million settlement to settle charges of breaking an SEC whistleblower protection guideline and other charges that the company didn’t maintain workplace disclosure defenses.

Yet, the business, which remains in the process of attempted acquisition by Microsoft, has actually publicly dedicated to improving workplace culture, with a number of hires to assist in that procedure, as well as public disclosures of things like worker diversity.

The SEC’s order discovers that Activision Blizzard breached Exchange Act Rules 13a-15(a) and 21F-17(a). Without admitting or rejecting the SEC’s findings, Activision Blizzard agreed to a cease-and-desist order and to pay a $35 million charge.