Activision Investors to Urge Revival of #MeToo Stock Drop Suit

Activision Blizzard Inc. investors are set to ask a US appeals court on Thursday to reinstate their allegations that the video game maker propped up its stock price by concealing state and federal sexual harassment investigations.

The argument’s outcome could clarify what a company is required to divulge when the government initiates a high-stakes investigation. Public filings by Activision, now a Microsoft Corp. unit, saying that it faced only “routine” investigations were false, the investors say.

Activision, fighting to lock down the lower court’s dismissal of the proposed class action, in a July brief told the US Court of Appeals ...