# Delaware Chancery approves $250M Microsoft-Activision shareholder settlement

Attorney advertising. Brief by Lou Schwartz, Schwartz & Associates, PC, Atlanta, Georgia. Published 2026-10-23; updated 2026-10-23. Responsible attorney: Lou Schwartz. Canonical: https://www.snalawyers.com/insights/delaware-chancery-approves-250m-microsoft-activision-shareholder-settl

Chancellor Kathaleen St. Jude McCormick granted final approval to a $250 million cash settlement resolving a stockholder class action that challenged the terms of Microsoft's $75.4 billion acquisition of Activision Blizzard, including allegations that the board agreed to a discounted sale price to quell workplace harassment allegations. The court overruled objections from a group of merger arbitrage funds that wanted to preserve a related federal securities suit, and awarded plaintiffs' counsel $60 million in fees. The settlement is funded by insurers and will be paid to former Activision Blizzard shareholders.

**Why it matters.** The ruling resolves one of the largest Delaware stockholder challenges to a mega-merger and shows how Chancery weighs objections tied to parallel federal securities claims when approving global settlements.

## Sources

1. [Del. Chancery OKs $250M Activision Settlement (Law360)](https://www.law360.com/capitalmarkets/articles/2542015)
2. [Microsoft-Activision $250 Million Class Action Accord Approved (Bloomberg Law)](https://news.bloomberglaw.com/litigation/microsoft-activision-250-million-class-action-accord-approved)

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