However, the gaming giant’s ex-board and former CEO lost their bids to end the case.
A Delaware judge dismissed shareholder litigation against the tech titan, rejecting allegations that it colluded with Activision’s directors to drive down the price of the sector’s largest-ever transaction. But she let a Swedish pension fund move forward with claims they engineered the merger to get Activision’s embattled then-CEO Robert Kotick out of legal trouble and shortchange public investors. ...