Stop me if you’ve heard this one: In the wake of the split between Activision Blizzard and Bungie, with the latter regaining full rights and ownership of Destiny 2, a law firm is working on a lawsuit against Activision Blizzard. This time it’s firm Kuznicki Law, filing in the central district of California, and encouraging investors between August 2nd, 2018, and January 10th, 2019, to join in the lawsuit against Activision Blizzard for allegedly making “materially false and/or misleading statements.”
Why would have heard this one? Because it’s the third such case following two other suits being prepared and submitted over the sudden split with Bungie. Key to note is that all of these suits hinge upon the same basic premise that Activision Blizzard knew the split was imminent and didn’t disclose the information to investors at the time, which admittedly seems like the sort of thing you’d want to know before entrusting the publisher with your money. It remains to be seen what will come from these particular lawsuits, although they seem unlikely to diminish the publisher’s recent stock price woes.