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Activision Dodges Investor Class Suit Over Harassment Probes (1)

Jan. 24, 2023, 3:09 PMUpdated: Jan. 24, 2023, 4:21 PM

Activision Blizzard Inc. investors can’t proceed with a proposed class suit alleging the game maker misled shareholders about investigations by state and federal agencies into sexual harassment allegations, a federal court ruled.

Lead plaintiff Jeff Ross and other investors failed to plead facts with sufficient detail to support their federal securities law claims, Judge Percy Anderson said in an order entered Monday in the US District Court for the Central District of California.

Anderson threw out a derivative suit over the same issues Jan. 17.

The investors, who sued the company as well as several current and former executives in ...