Activision shareholder files suit over Vivendi stock buyback

Call of Duty publisher Activision is facing a legal complaint regarding its plan to buyback billions in stock from majority shareholder Vivendi.

Activision shareholder Todd Miller filed a derivative complaint against Activision, Vivendi, and Activision’s 11-person board of directors for breach of fiduciary duties, waste of corporate assets, and unjust enrichment, according to Entertainment Law Digest.