Video games software specialist Activision Inc, Mountain View, California has agreed in principle to settle the 1983 class action suit brought by shareholders for $2.5m in cash and $2.25m in securities: Activision says it still thinks the charges are without merit, but wants to avoid the cost and diversion of management attention that would be required by a four-month jury trial; Activision’s share of the settlement will be in stock only to conserve its cash; the settlement will hurt Activision’s figures for the third quarter to January 3 and its year to March.
