Call of Duty publisher Activision Blizzard is under investigation for fraud after a claim was brought forth by the company’s investors. Currently, the lawfirm of Pomerantz LLP is gathering potential investors for a class action lawsuit, but as of yet no official suit has been filed.
Given that information, it’s possible that investors called for the investigation in order to see how much Activision Blizzard knew ahead of the split and if that had an impact on the stock price. Another possibility is that stock shares were sold right before the split was announced, which would constitute insider trading.
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