Activision Sued by it’s own stockholder

Ryan Vazquez, a stockholder of Activision stock claims and charges 16 current and former Activision senior executives with improperly adjusting their stock option grants to their own benefit. 

Vazquez alleges an array of Activision executives, for changing the dates so they wouldn’t have to pay more for stock that they get when they turned their stock option grants into money. He says that the “extraordinary pattern” he sees in the stock. According to Ryan, the stock surges immediately after the option grants were made, is due to the grants being backdated. Thus he thinks that the executives are doing something fishy.