Activision officials must face claims over Microsoft takeover, judge rules
The shareholders say that Activision CEO gives priority to their own interests
Microsoft won the dismissal of help and labeling claims
In October 2023, a $ 75.4 billion inheritance is closed
3 October (Reuters) – A Delaware judge, including General Manager Bobby Kotick, former Activision Blizzard officials, Microsoft’s “Call of Duty” game producer for $ 75.4 billion, they should have changed the shareholders in a short time, he said.
On Thursday, Kathaleen McCormick from Delaware Chancery Court said that on Thursday, the shareholders in the proposed class action could claim that the kotick and other Activision executives could violate their trust -based duties. He rejected two allegations against Microsoft.
The Swedish Pension Fund Sjunde AP-Fonden, led by the shareholders, accused Kotick of running to unite, so that he could maintain his job and $ 400 million in control change, and insulated himself from the allegations he knew about the widespread sexual harassment in Activision.
They also said that the transfer price of $ 95 per share was very low since the very beginning and that the performance of Activision appeared worse during the 21 -month regulatory approval process for the unification that was closed in October 2023.
In a 83 -page decision, McCormick found enough claims that Kotick manipulated the sales process to support “speed, certainty, and a permanent place of descent” to support Microsoft.
In addition, Activision directors’ interests in the interests of Kotick’s interests, harassment concerns, damaging the stocks of Activision’s stocks, including a low ball in front of the price of the shareholders found in front of the shareholders.
Washington -based Redmond claimed that Microsoft had helped and supported the alleged violations, even if it was “passively stopped”. He also rejected other allegations against the Activision defendants.
“The case on the principle of a cut version of the plaintiff’s complaint may now begin.” “Game.”
For individual defendants and Microsoft, lawyers did not respond immediately to their requests for comments on Friday. The shareholders did not respond immediately to similar demands.
CASE SJUNDE AP-FONDEN V Activision Blizzard Inc et al., Delaware Chancery Court, No. 2022-1001. (Reporting by Jonathan Stempel in New York; Organization by Bill Berkrot)
