IS ACTIVISION LYING? Shareholder Sues Over Microsoft Deal Statements (VL632)

Activision Blizzard's year of news appearances is almost unbelievable, but perhaps none more so than the announcement that Microsoft and Xbox is purchasing them for just under $70 BILLION in cash. With details about the deal process now out in the open, at least one shareholder has taken umbrage at the proceedings, alleging that Activision is deliberately lying to its shareholders in order to benefit its management and board. For this fight, we're going to need some proxies...in Virtual Legality. CHECK OUT THE VIDEO AT: https://youtu.be/czCjozG-xic #Activision #Microsoft #Lawsuit *** WANT TO SUPPORT THE CHANNEL? PATREON - https://www.patreon.com/VirtualLegality STREAMLABS - https://streamlabs.com/richardhoeg STORE - https://teespring.com/stores/hoeg-law-store SEASONED GAMING BITCAST - SUNDAYS AT 11:00 EASTERN https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA *** CHAPTERS 00:00 Introduction 01:53 The Shareholder Lawsuit - Overview 16:31 The Shareholder Lawsuit - Hating the Deal 20:17 The Shareholder Lawsuit - Hinting at Conflict 29:50 The Shareholder Lawsuit - Alleging Lies 37:50 Understanding the Impact of the Complaint 41:21 Conclusion *** Discussed in this episode: "Microsoft x Activision" Hoeg Law Playlist https://www.youtube.com/playlist?list=PL1zDCgJzZUy_vBs7Qt9-ROfumOtIrSdP8 "Activision Blizzard shareholder sues over Microsoft sale" Polygon - February 24, 2022 https://www.polygon.com/22949594/activision-blizzard-shareholder-lawsuit-sec-violation LAWSUIT, LAWS, AND REGULATIONS https://storage.courtlistener.com/recap/gov.uscourts.cacd.844853/gov.uscourts.cacd.844853.1.0.pdf https://www.law.cornell.edu/uscode/text/15/78n https://www.law.cornell.edu/cfr/text/17/240.14a-9 https://www.law.cornell.edu/cfr/text/17/240.14a-6 https://www.law.cornell.edu/uscode/text/15/78t PROXY https://www.sec.gov/Archives/edgar/data/718877/000110465922025210/tm225196-3_prem14a.htm HOEG LAW VIDEOS https://youtu.be/tLPjPiWRZVo LEGAL ARTICLES https://corpgov.law.harvard.edu/2019/09/23/use-of-special-committees-in-conflict-transactions/ https://news.bloomberglaw.com/securities-law/pleading-damages-in-section-14-a-mergers-and-acquisitions-litigation *** "Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law). CHECK OUT THE REST OF VIRTUAL LEGALITY HERE: https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL. *** Twitter: @hoeglaw Web: hoeglaw.com