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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 launched PCGamesInsider.biz in August 2017 and has been its editor since. Prior to this, he was deputy editor at UK based games trade paper MCV and content editor for marketing and events for London Games Festival 2017. His work has also appeared in Eurogamer, The Observer, Kotaku UK, Esquire UK and Develop.

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