Judges OK Activision Settlement
The owner of the Call of Duty game agreed to the settlement last year, ending a shareholder lawsuit challenging Activision’s $8 billion deal to acquire its stock held by French conglomerate Vivendi.
The lawsuit alleged that Activision’s CEO and co-chairman benefited unfairly from the deal, and the settlement barred them from gaining control of Activision. The judge overruled an objection to the settlement and to the fee award.
The settlement is the largest ever for a shareholder lawsuit. Other large settlements include US$139 million involving News Corp in 2013 and $122 million, paid by Oracle Corp chief executive Larry Ellison in 2005.