Activision Blizzard to pay $35 million settlement to SEC over misconduct investigation

Activision Blizzard

The United States SEC announced Activision Blizzard has agreed to pay $35 million in a settlement over the complaints accusing the company of workplace misconduct.

This matter has been covered here numerous times over the past couple years, which also includes another settlement made by the company for a value of $18 million.

This settlement means that Activision Blizzard will neither admit nor deny the findings of the investigation. A cease and desist order has also been handed to the company as well.

“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,” a spokesperson said to VGC. “We did so as part of our continuing commitment to operational excellence and transparency. Activision Blizzard is confident in its workplace disclosures.”

Meanwhile, the SEC also had their own statement on the matter, putting more blame on the company’s lack of oversight:

“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,” the SEC stated.

They added, “Moreover, taking action to impede former employees from communicating directly with the Commission staff about a possible securities law violation is not only bad corporate governance, it is illegal.”

It’s important to note that this investigation will not have any impact on the continuing legal battle surrounding Activision Blizzard’s merger with Microsoft – as the workplace misconduct allegations and investigations began before those proceedings started.


Got into gaming thanks to a nice old lady who lived across the street. Enjoy most genres of games.

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