Activision Settles SEC's Workplace Misconduct Charges By Paying $35M

Activision Blizzard, Inc ATVI agreed to pay $35 million to settle regulatory claims of inadequate disclosures regarding employee complaints about workplace misconduct and the SEC's allegations of violating a whistleblower-protection rule.
Activision settled the probe without admitting or denying the SEC's charges.
The female employees at Activision complained for years about sexual assaults and mistreatment.
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The SEC's probe examined what Activision's management knew about the alleged incidents and how it addressed them internally.
In 2021, Activision agreed to pay $18 million to the Equal Employment Opportunity Commission to settle gender-based harassment allegations, the Wall Street Journal reported.
California's Civil Rights Department prosecuted Activision in 2021 for allegedly ignoring employee complaints of sexual harassment and discrimination.
The California Department of Fair Housing and Employment also called out Activision during that time.
Activision held $10.9 billion in cash and equivalents as of September 30.
Price Action: ATVI shares traded lower by 1.10% at $76.26 on last check Friday.