Activision Blizzard stock drops as employees decry response to sexual harassment lawsuit

Activision Blizzard Inc. ATVI, -7.11% shares dropped Tuesday pursuing reports that galore employees disagree with the company’s effect to a California suit alleging intersexual favoritism and harassment astatine the videogame publisher. Activision Blizzard shares fell much than 7% successful Tuesday trading. Last week, the California Department of Fair Employment and Housing filed a civilian suit against Activision Blizzard alleging that pistillate employees were taxable to favoritism implicit wage and promotions arsenic good arsenic subjected to intersexual harassment. Following that, Activision released a connection that the suit contained  “distorted, and successful galore cases mendacious descriptions of Blizzard’s past.” According to media reports, much than 2,000 existent and erstwhile employees person signed a missive decrying the company’s effect to the lawsuit. On Twitter, World of Warcraft Senior System Designer Jeff Hamilton said that “almost nary work” is being done connected the game arsenic a effect of the controversy. Activision Blizzard has yet to respond to MarketWatch’s petition for remark connected the petition.