Activision Blizzard, U.S. employment watchdog reach agreement in sexual harassment and discrimination case

Stock Markets1 hour ago (Sep 27, 2021 09:27PM ET)

(C) Reuters. The entrance to the Activision Blizzard Inc. campus is shown in Irvine, California, U.S., August 6, 2019. REUTERS/Mike Blake

By Sabahatjahan Contractor

(Reuters) – Videogame publisher Activision Blizzard (NASDAQ:ATVI) and the U.S. Equal Employment Opportunity Commission (EEOC) said on Monday they had reached an agreement to settle claims over sexual harassment and discrimination in the company’s workplace.

Under the agreement, Activision committed to create an $18 million fund to compensate and make amends to eligible claimants, the owner of “Call of Duty” and “Candy Crush” franchises said in a statement.

The EEOC, which been investigating allegations of sexual harassment, discrimination and retaliation at Activision for three years, found that the company failed to take corrective and preventive measures on sexual harassment complaints, according to a filing in the U.S. District Court of the Central District of California.

Activision Blizzard said it is appointing a third-party consultant for oversight and a review of the company’s practices. Its findings will be regularly reported to the board of directors as well as the Commission, it said.

“There is no place anywhere at our company for discrimination, harassment, or unequal treatment of any kind, and I am grateful to the employees who bravely shared their experiences,” Activision Blizzard CEO Bobby Kotick said in the statement.

“I am sorry that anyone had to experience inappropriate conduct, and I remain unwavering in my commitment to make Activision Blizzard one of the world’s most inclusive, respected, and respectful workplaces,” he said.

Last week, the company said that it was continuing to work with regulators on addressing and resolving the workplace complaints it has received.

Activision Blizzard, U.S. employment watchdog reach agreement in sexual harassment and discrimination case

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

More from author

Subscribe

Related posts

Latest posts

Michigan judge tosses GM lawsuit against Fiat Chrysler

Stock Markets23 minutes ago (Oct 17, 2021 05:20PM ET) (C) Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General...

Gangs expand territory as Haiti government struggles to stay in control

World40 minutes ago (Oct 17, 2021 03:50PM ET) (C) Reuters. FILE PHOTO: A general view of buildings in Port-au-Prince, is seen from the outskirts of...

A Sinister Six Movie Should Copy Spider-Man: No Way Home & Bring In Miles

Sony's upcoming Sinister Six movie should take some inspiration from Spider-Man: No Way Home and introduce a new version of Miles Morales. Sony has...

Categories

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!