The New York City Employees’ Retirement System and pension funds have filed suit against Activision Blizzard over its planned sale to Microsoft.
The complaint is seeking access to a number of documents, including those related to the five other potential buyers Activision Blizzard said it had in an SEC filing about the merger.
“Given Kotick’s personal responsibility and liability for Activision’s broken workplace, it should have been clear to the Board that he was unfit to negotiate a sale of the Company,” the suit adds.
Activision Blizzard is still dealing with lawsuits from the California Department of Fair Employment and Housing, investors, and the surviving family of a harassed employee. The SEC is also investigating the company’s disclosures to investors regarding the California suit and a since-settled federal gender discrimination suit.
Activision Blizzard also last week urged shareholders to turn down a proposal by the New York State Common Retirement Fund that the publisher release an annual report on the number of harassment and discrimination claims it handles each year, saying “diverting energy and resources toward creating yet another report” would be better spent “[continuing] to directly respond to employee concerns.”