$14M Severance Eases Activision Blizzard Legal Chief's Exit
Grant Dixton joined the video game maker in June 2021, six months before it unveiled plans to be acquired by Microsoft for $69 billion, a deal that finally closed in October.
January 09, 2024 at 07:11 AM
3 minute read
A $14.2 million golden parachute awaits Activision Blizzard chief legal officer Grant Dixton when he steps aside at the end of March in the wake of the video game maker's $69 billion sale to Microsoft.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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