According to the Complaint, Activision Blizzard, Inc. develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The Company was formed in July 2008 as the result of a merger between Activision, Inc. and Vivendi Games, the holding company for the video game studio Blizzard Entertainment.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations and compliance policies. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) the termination of Activision Blizzard and Bungie Inc.’s partnership, giving Bungie full publishing rights and responsibilities for the Destiny franchise, was imminent; (ii) the termination of the two companies’ relationship would foreseeably have a significant negative impact on Activision Blizzard’s revenues; and (iii) as a result, Activision Blizzard’s public statements were materially false and misleading at all relevant times.

This case was voluntarily dismissed on March 29, 2019. A related case continues under Docket 19-CV-03788.

On June 10, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on July 10. Defendants filed a Motion to Dismiss the consolidated Complaint on August 9. On September 11, the Court issued an Order denying Defendants' Motion to Dismiss. Defendants filed a Motion for Reconsideration of the Dismissal Order on September 25. On October 17, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint. On January 7, 2020, Plaintiffs filed an amended consolidated Complaint under seal. Defendants filed a Motion to Dismiss the amended consolidated Complaint on January 21. On March 23, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint. Plaintiffs did not amend the Complaint. On April 9, the Court dismissed the case with prejudice and entered judgment in favor of the Defendants.