By Aaron Nicodemus2023-02-03T19:35:00
Video game developer Activision Blizzard will pay $35 million to resolve charges laid by the Securities and Exchange Commission (SEC) it violated federal securities laws by failing to adequately disclose how its ineffective response to workplace complaints was harming its ability to hire and retain skilled employees.
The company was further faulted for violating the SEC’s whistleblower protection rule.
Between 2018-21, Activision Blizzard lacked controls and procedures to effectively analyze whether its failure to address numerous workplace sexual harassment complaints was affecting its ability to attract and retain qualified workers. As a result, the company could not properly relay the depth of the problem in its disclosures, the SEC alleged in its order.
2025-01-10T18:03:00Z By Jeff Dale
Vince McMahon, the founder and former CEO of WWE, was fined $400,000 and ordered to reimburse the wrestling giant more than $1.3 million to settle charges brought by the Securities and Exchange Commission that he failed to disclose hush money payments he made on behalf of himself and the company.
2024-09-12T16:10:00Z By Aaron Nicodemus
Norfolk Southern Corp., the railroad still cleaning up the environmental and financial damages caused when one of its trains derailed in a small Ohio town, has fired its top executive and chief legal officer after concluding they had an affair that violated company policies.
2023-12-18T18:16:00Z By Kyle Brasseur
Activision Blizzard agreed to pay nearly $55 million as part of a settlement with the California Civil Rights Department addressing highly publicized accusations of workplace discrimination against women at the video game company.
2025-09-05T18:10:00Z By Aaron Nicodemus
Deutsche Bank has agreed to pay a $3 million fine and has returned $5 million in fee overcharges to customers as part of a resolution with Hong Kong’s financial services regulator.
2025-09-04T17:31:00Z By Adrianne Appel
The majority owner of a Pennsylvania investment firm faces 100 years of prison time and huge fines for allegedly running a $770 million Ponzi scheme centered on an ATM company he also owned.
2025-09-03T17:43:00Z By Adrianne Appel
The Federal Trade Commission (FTC) proposed an enforcement action against Disney for allegedly collecting personal information about children, and then threw salt in the wound by calling the company out in an alert emailed to an untold number of businesses.
Site powered by Webvision Cloud