New York Pension Funds are suing Activision over its financial records.

Five New York City-based retirement groups that own shares in Activision Blizzard, a video game maker during a row, are suing Activision, saying the company was unable to transfer financial records as groups try to find out if Activision is providing a fair price. In its planned sale. Microsoft.

A lawsuit filed in Delaware State Court says New York City groups are questioning whether Activision harmed its shareholders when it agreed to sell the company to Microsoft for about $ 70 billion, or about $ 95 per share, which the retirement groups say is. Invaluable. But they could not dig into the corporate records they wanted to review, the lawsuit says, because Activision refused to hand them over.

The groups “are seeking access to certain books and records to investigate the board’s independence and disinterest,” the lawsuit alleges, which involves Activision’s board of directors.

The complaint comes from groups including the New York Fire Department Retirement Fund and the Teacher Retirement System for New York City and was dated April 26th. This was reported earlier this Wednesday by Axios.

Pension Funds are questioning whether Bobby Kotik, CEO of Activision, struck a quick and invaluable deal with Microsoft late last year, with little board oversight, to avoid any personal consequences that he and his company could face for sexual behavior. Complaints against bailiffs.

“Kotik was aware of many credible allegations of misconduct by the company’s senior executives – but did nothing to correct them or prevent further crime,” the lawsuit said. “Therefore, Kotik was more likely to be held liable for breach of fiduciary duty, along with other board members.”

An Activision spokesman said the company disagreed with “the allegations made in this complaint and is looking forward to presenting our arguments in court.”

The New York lawsuit alleges numerous legal actions against Activision, which creates popular games such as Call of Duty and Overwatch. Last summer, the California Employment Agency sued Activision, accusing it of promoting a toxic and sexist work environment in which women were regularly harassed. In response, staff protested and leaders were forced to leave, although Mr Cotick remained.

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