Activision Blizzard is under “a wide-ranging investigation” by an agency of the US government. That comes from the Wall Street Journal, which reports that the Securities and Exchange Commission has subpoenaed CEO Bobby Kotick and other senior executives as part of an investigation into how the company has responded to sexual misconduct and workplace discrimination complaints from its employees.
The WSJ reports that the main goal of the investigation is to find out “whether Activision and its executives properly disclosed allegations of workplace harassment and gender-pay issues, and whether any of that information should have been shared earlier with investors and other parties”. To aid its investigation, the agency has requested documents such as minutes from board meetings, the personnel files of six former employees, separation agreements with staffers from this year, and Kotick’s communications with other senior figures concerning sexual harassment or discrimination complaints from employees.
We reached out to Activision Blizzard for comment, and have been told by a spokesperson that the company is cooperating with the SEC. “The US Securities and Exchange Commission is conducting an investigation concerning the company’s disclosures regarding employment matters and related issues, and has issued subpoenas to the company and several current and former employees that seek information related to this,” an Activision spokesperson tells us. “The company is cooperating with the SEC.”