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Video Game Developer Activision Faces Shareholder Class Action Suit

Authored by Mark Hefflinger on March 8, 2004 - 6:34am.
Santa Monica, Calif. -- Video game developer and publisher Activision said on Monday it strongly denies the allegations contained in a class action lawsuit filed against the company, alleging it overstated revenues and earnings during 2001 and 2002 in order to inflate its stock price. The lawsuit was filed on March 5 in California federal court by the Construction Industry and Carpenters Joint Pension Trust for Southern Nevada, and seeks unspecified damages. Santa Monica, Calif.-based Activision's games include the popular "Tony Hawk Pro Skater" and "Call of Duty" franchises.
http://biz.yahoo.com/prnews/040308/nym082_1.html 
http://www.activision.com

tags: Activision | Video Game | Shareholder | Action Suit |

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