I couldn’t resist using that picture, I am sorry. As you may recall, not too long ago Bobby Kotick’s investment group announced that they would be buying most of Activision Blizzard’s stock back from Vivendi to the tune of eight billion dollars. One shareholder, Todd Miller, has filed a lawsuit against the company and parties associated with the deal. Miller is claiming insider trading, noting that the stocks were sold at a 10% discount, saving more than half a billion in sales.
Miller is suing to have the deal overturned in court, and wants Activision to have controls put into place to ensure that further backroom deals do not take place. You can read all about it at Courthouse News at the link below.
(Source: Courthouse News)
MMO Fallout 