Activision Being Sued For Breakng Up With Bungie

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https://gamedaily.biz/article/647/l...n-with-class-action-suit-over-destiny-divorce


Another law firm has entered the race to bring a class action suit against Activision Blizzard over its divorce with Bungie. The sale of Destinypublishing rights led to layoffs of approximately 800 people across Activision Blizzard’s companies, including King, Blizzard, and Activision Publishing.

Kuznicki Law in Cedarhurst, NY is the latest to seek a lead plaintiff in a class action suit (as reported by GamesIndustry.biz). Kuznicki Law joins Pomerantz, LLP; Federman & Sherwood; Levi & Korsinski, LLP; Faruqi and Faruqi LLP; Rosen Law Firm; The Schall Law Firm; and potentially others in a sprint to find a plaintiff to lead a class action suit. Kuznicki Law has confirmed to GameDaily.biz that it has not filed its own suit, contrary to GamesIndustry.biz’s report. Rather, the firm’s press release likely refers to the complaint filed by Pomerantz, LLP in January.

Activision share price has been on the decline since early October, right before the release of Call of Duty: Black Ops IIII, when it hit a 52-week high of $84.68. The share price bottomed out on February 11 at $39.85, the day before Activision reported its full-year earnings and confirmed reports of mass layoffs. The stock price has rebounded slightly, closing at $41.79.