Injured Employee Compensation Fund Nothing compared to $8.1 billion in 2020 revenue. $18 million That's less than half a percent of Activision Blizzard's total revenue in 2020.
Last year, Activision Blizzard generated $8.1 billion in revenue, representing 0.22% of total 2020 revenue. Read Reading Alleged Blizzard Activity with High Discrimination by Government Agency
Three-year investigation < /h2>
The agreement came hours after the US Equal Opportunity Commission on September 27 filed a lawsuit against the company in US District Court in downtown California, alleging that female employees experienced sexual discrimination and harassment, including discrimination in pregnancy and wages, against employees males. And while victims of discrimination are left out, the EEOC case was just the latest legal development for the company, which is currently embroiled in several separate cases. Legal battles during the summer.
The EEOC case was the result of a September 2018 State Watch investigation into allegations in September 2016 that employees were subjected to "severe or widespread sexual harassment for altering working conditions." The Equal Employment Opportunity Commission (EEOC) also alleged that Activision Blizzard failed to take any action or mitigate the harassment at the time of filing the complaint, and that employees who complained of discrimination based on pregnancy are subject to "constructive layoffs or permits." The agency reported its findings to Activision Blizzard in June. After "intense middle discussions".READ MORE The Securities and Exchange Commission is investigating Activision Blizzard following harassment and discriminatory lawsuits
In addition to creating an $18 million fund, the terms of the settlement require Activision Blizzard to change its practices, policies, and training methods related to discrimination and harassment. retaliation and compliance with the Agreement and will be subject to subsequent EEOC reviews.
Upcoming Legal Issues
While Activision Blizzard has agreed to settle the EEOC lawsuit, the company continues to face mounting legal problems from a number of parties. In June, the California Department of Labor and Fair Housing sued the company over other allegations of sexual harassment and discrimination — allegations that Activision Blizzard executives claimed were "distorted and in many cases false."
The company's response led to an internal request by the company to blame leadership, and in July, an employee resigned in protest. Activision Blizzard was subsequently challenged, and shareholders filed a lawsuit in August alleging that their executives were "economically disadvantaged" in disclosing information about the California harassment lawsuit and causing "artificial inflation" in stock prices.
Earlier this month, it was revealed that the Securities and Exchange Commission has launched an investigation into how the company handles its recent allegations of misconduct and discrimination. Several Activision Blizzard employees, including J. Allen Brack, Blizzard's chairman and Claire Hart, its chief legal officer, have left the company since August.
Activision Blizzard resolves discrimination cases with a fraction of its annual revenue
Grand Theft Auto: The Trilogy: The Def...