New York's pension funds are suing Activision Blizzard - they are demanding documents with Microsoft

New York teachers ', police and firefighters' pension funds own shares Activision Blizzard, So they did not like the fact that the value of securities began to fall. I did not like the fact that they sued the company to provide documents on the agreement with Microsoft.

According to the lawsuit, the board of directors of Activision Blizzard and Bobby Kotyk hurried to sign a contract with Microsoft. Allegedly, the corporation agreed to a low price of $ 95 per share - almost the same amount of bonds cost before filing the same complaint about unhealthy work culture.

This was allegedly done to avoid responsibility for Kotik's wrongdoing, including concealing sexual harassment. The agreement with Microsoft will allow him to leave the management of Activision Blizzard and receive significant cash bonuses.

In this regard, pension funds want to obtain materials on negotiations with Microsoft and other potential buyers of Activision Blizzard to expose the company Kotika in possible violations.