New Activision Blizzard Lawsuit

Activision Blizzard's legal bills must be piling up, as a new lawsuit filed by the US Equal Employment Opportunity Commission is just the latest in a series of legal actions over the workplace culture at the videogame giant. Accusations include, but are not limited to: "1. Subjecting female employees to sex-based discrimination, including harassment, based on their gender. 2. Retaliating against female employees for complaining about sex-based discrimination, based on their gender. 3. Paying female employees less than male employees, based on their gender." A surprisingly swift response comes in this announcement from Activision Blizzard saying it is committed to expanded workplace initiatives. Subject to court approval, the company has already reached an agreement with the EEOC:
Activision Blizzard (Nasdaq: ATVI) today confirmed that, as part of its effort to have the most welcoming, inclusive workplace, it has reached an agreement with the U.S. Equal Employment Opportunity Commission (EEOC) to settle claims and to further strengthen policies and programs to prevent harassment and discrimination in the company’s workplace. Under the agreement, the principal terms of which are summarized in Attachment A to this press release, Activision Blizzard has committed to create an $18 million fund to compensate and make amends to eligible claimants. Any amounts not used for claimants will be divided between charities that advance women in the video game industry or promote awareness around harassment and gender equality issues as well as company diversity, equity, and inclusion initiatives, as approved by the EEOC. The agreement is subject to court approval.