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Another law firm is looking to join class action against Activision Blizzard over Bungie breakup

Another law firm is looking to join class action against Activision Blizzard over Bungie breakup

New York-based law firm Kuznicki Law PLLC wants to be part of the class action lawsuit against publishing giant Activision Blizzard.

The organisation has put a Loss Submission Form live on its website, encouraging any investors who purchased shares between August 2nd 2018 and January 10th 2019 to speak up.

This follows an already-filed complaint in California alleging that Activision Blizzard misled its shareholders over the deal to hand back Destiny's publishing rights to developer Bungie.

Kuznicki Law is just the latest company to get in on the action. In January The Pomerantz Firm revealed it was investigating potential fraud around this deal, while Federman & Sherwood, Levi & Korsinsky LLP, Faruqi & Faruqi, LLP, Rosen Law Firm and The Schall Law Firm who are all looking for plaintiffs to be part of the class action lawsuit. 

Mohamad Labade v. Activision Blizzard, Inc. et al was filed in California on January 18th. 

News of the deal led to a 10 per cent dip in Activision Blizzard's share price. In its SEC 10-K filing, Activision Blizzard said it had recognised $164m for the Destiny publishing rights meaning Bungie paid up to that amount


Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch PCGamesInsider.biz for Steel Media before departing the firm in October 2019.

He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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