Defendant Name: Activision Blizzard, Inc.

Defendant Type: Public Company
SIC Code: 7370
CUSIP: 00507V10

Initial Case Details

Legal Case Name In the Matter of Activision Blizzard, Inc.
First Document Date 03-Feb-2023
Initial Filing Format Administrative Action
File Number 3-21294
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 13a-15
Other
• Rule 21F-17(a) Exchange Act

Resolutions

First Resolution Date 03-Feb-2023
Headline Total Penalty and Disgorgement $35,000,000

Related Documents:

34-96796 03-Feb-2023 Administrative Proceeding
Order Instituting Administrative And Cease-and-Desist Proceedings, Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On February 3, 2023, the SEC instituted settled administrative and cease-and-desist proceedings against Activision Blizzard Inc., stating: "This matter concerns violations of the Exchange Act’s disclosure controls and procedures and whistleblower protection rules by video game development and publishing company Activision Blizzard."
2023-22 03-Feb-2023 Press Release--Administrative Proceeding
Activision Blizzard to Pay $35 Million for Failing to Maintain Disclosure Controls Related to Complaints of Workplace Misconduct and Violating Whistleblower Protection Rule
The SEC "announced that Activision Blizzard Inc., a video game development and publishing company, agreed to pay $35 million to settle charges that it failed to maintain disclosure controls and procedures to ensure that the company could assess whether its disclosures pertaining to its workforce were adequate. The company also settled charges that it violated an SEC whistleblower protection rule."