EA Accused Of “Deliberately Misleading Investors” Regarding Battlefield 4
Battlefield 4 has had a rocky launch and the real kicker was when DICE announced they’d halted development on DLC for the game in order to sit down and fix the broken title and EA’s stock price fell.
A US law firm is now investigating whether EA misled investors regarding Battlefield 4 development and sales.
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According to Holzer Holzer & Fistel, the firm is investigating whether EA complied with the federal securities laws when making public statements regarding Battlefield 4 between July 24 and December 4.
“Specifically, the investigation focuses on statements issued during that time regarding the development and sales of the Company’s Battlefield 4 video game and the game’s impact on EA’s revenue and projects moving forward,” stated the firm.
It has been requested that anybody who purchased EA common stock between the dates noted above and suffered losses on the investment, contact the firm.
Holzer Holzer & Fistel, LLC is an Atlanta-based law firm which “dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation.”