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Activision Currently Under Investigation for Fraud
- Thread starter JB2448
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How is the title misleading? The article literally says that Activision are under investigation for fraud.
Unless the thread title has changed since it was originally posted?
A few investors hired a law firm. It's not "under investigation" as in the government, sec or state agency is investigation.
Cool, I do expect a consumer lawsuit check in my mail for buying destiny and like 10 call of duties
it's not a "report" it's literally a press release from the Law Firm posted to MarketWatch. This isn't even a story it's literally repeating a Press Release.
This is a firm that specializes in class action lawsuits. They see an opportunity to make a quick buck. Now if this was an SEC investigation then it might have some merit.
it isn't even like this. No one hired them. This is basically a law firm taking the initiative to "investigate" and asking investors to get on the bandwagon (IE: pay them) to try and get money from Activision.
The "press release" is actually a thinly-veiled ad.
Basically, it's the investor equivalent of the lawyer dropping by the hospital to try and convince someone who had an accident to sue.
IE: it's likely irrelevant, and the outlet in question pulled a massively misleading headline that the OP simply reproduced.
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Already a thread about it here.
https://www.resetera.com/threads/po...f-investors-of-activision-blizzard-inc.92990/
https://www.resetera.com/threads/po...f-investors-of-activision-blizzard-inc.92990/
I think it's insider trading where they knew ahead the stock would go down due to the bungie split, so they sold their stock ahead to mitigate the loss.
Article and thread are clickbait.
Bungie went independent. Activision share price dropped. Law firm hoped to get investors who made a bad get onboard to sue. Then lawyers make money.
At least read the linked press release before dropping a hot take.
There is no federal investigation. There is no known fraud.
There was a drop in the stock price and now a law firm is looking for easy money with investors who made a bad get.
The only way this would be anything is if there was proof of insider trading and any company the size of Activision is going to have a ban on trading for employees well before financially relevant news is released.
This is a nothingburger that Comicbook.com is hyping up for traffic.
Bungie went independent. Activision share price dropped. Law firm hoped to get investors who made a bad get onboard to sue. Then lawyers make money.
At least read the linked press release before dropping a hot take.
There is no federal investigation. There is no known fraud.
There was a drop in the stock price and now a law firm is looking for easy money with investors who made a bad get.
The only way this would be anything is if there was proof of insider trading and any company the size of Activision is going to have a ban on trading for employees well before financially relevant news is released.
This is a nothingburger that Comicbook.com is hyping up for traffic.
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