As if the week could not get worse for Activision Blizzard. Law firm Pomerantz LLP have announced they are investigation Activision Blizard on behalf of their shareholders.
Speculation is that Activision Blizzard knew about the split with Bungie over the publising rights to Destiny and if that had an impact on the stock price which dropped 6.5% after the announcement The stock ended at $46.54 which was a 9.37% drop from the previous day. It’s also been said that stock shares were sold before this announcement which has led some to allegations of insider trading. This is even led some fans to believe that
At the time of publishing, no official suit has been filed and investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.