Tag: gross misconduct

Activision Blizzard to Pay More Than $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover
World

Activision Blizzard to Pay More Than $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover

Updated Dec. 16, 2023 4:52 pm ETActivision Blizzard has agreed to pay more than $50 million to settle a high-profile lawsuit by a California regulator that helped spur Microsoft’s October takeover of the videogame company. The state’s Civil Rights Department sued Activision in mid-2021, alleging its leadership ignored numerous employee complaints of sexual harassment, discrimination and pay disparity. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Activision Blizzard to Pay More Than $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover
World

Activision Blizzard to Pay More Than $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover

Updated Dec. 15, 2023 10:35 pm ETActivision Blizzard has agreed to pay more than $50 million to settle a high-profile lawsuit by a California regulator that helped spur Microsoft’s October takeover of the videogame company, according to people familiar with the matter.The Civil Rights Department sued Activision in mid-2021, alleging its leadership ignored numerous employee complaints of sexual harassment, discrimination and pay disparity. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
FDIC Hires Law Firm Cleary Gottlieb to Handle Workplace Culture Review
Money

FDIC Hires Law Firm Cleary Gottlieb to Handle Workplace Culture Review

A special committee at the Federal Deposit Insurance Corp. said it had hired the law firm Cleary Gottlieb Steen & Hamilton LLP to conduct a review into the workplace culture, replacing another previously hired law firm nearly a month after The Wall Street Journal revealed allegations of harassment and discrimination pervaded the agency.Led by former acting Manhattan U.S. Attorney Joon Kim, Cleary Gottlieb will examine allegations of sexual harassment and misconduct as well as other issues related to the workplace culture, including “any practices that might discourage or otherwise deter the reporting of, or appropriate response to, harassment and interpersonal misconduct,” the special committee said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5edd...
FDIC Hires Law Firm Cleary Gottlieb to Handle Workplace Culture Review
World

FDIC Hires Law Firm Cleary Gottlieb to Handle Workplace Culture Review

A special committee at the Federal Deposit Insurance Corp. said it had hired the law firm Cleary Gottlieb Steen & Hamilton LLP to conduct a review into the workplace culture, replacing another previously hired law firm nearly a month after The Wall Street Journal revealed allegations of harassment and discrimination pervaded the agency.Led by former acting Manhattan U.S. Attorney Joon Kim, Cleary Gottlieb will examine allegations of sexual harassment and misconduct as well as other issues related to the workplace culture, including “any practices that might discourage or otherwise deter the reporting of, or appropriate response to, harassment and interpersonal misconduct,” the special committee said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5edd...
Lawmakers Grill FDIC Chairman Over Allegations of Misconduct at Agency
World

Lawmakers Grill FDIC Chairman Over Allegations of Misconduct at Agency

Nov. 14, 2023 11:40 am ETSenators on Tuesday questioned Federal Deposit Insurance Corp. Chairman Martin Gruenberg over the agency’s handling of allegations of harassment and discrimination revealed by a Wall Street Journal investigation.Gruenberg told a Senate panel he is “personally disturbed and deeply troubled” by the allegations. He said he was previously unaware of the allegations of workplace problems before the Journal article. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8