Activision beats shareholder class action over sex bias claims, for now

FILE PHOTO: A crowd waits for a video presentation at the Activision booth during the 2014 Electronic Entertainment Expo, known as E3, in Los Angeles, California June 11, 2014. REUTERS/Jonathan Alcorn

(Reuters) - Activision Blizzard Inc has won the dismissal of a lawsuit in California accusing the video game maker of misleading investors by downplaying the severity of alleged sexual harassment and discrimination against female employees.

Los Angeles-based U.S. District Judge Percy Anderson, in a decision released on Tuesday, found that a group of Activision shareholders had failed to cite specific false statements the company made amid investigations by three government agencies, and could not prove fraud claims.