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 Did EA lie about BF4

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wth
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PostSubject: Did EA lie about BF4   Fri Dec 13, 2013 9:04 am

Looks like EA is digging their self a grave.

Did EA Lie About Battlefield 4? Now Under Investigation

Electronic Arts’ Battlefield 4 problems persist. After all sorts of server and connectivity issues crippled the game experience of one of the company’s biggest titles, EA put everything else on hold to try to fix the game. With no end in sight, the stock is falling and investigators are snooping around to see if EA lied to investors and gamers before Battlefield 4′s release.

Law firm Holzer, Holzer & Fistel announced that it’s investigating whether EA and its executives “complied with the federal securities laws between July 24, 2013 and December 4, 2013.” More specifically, according to the press release, “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.”

A quick news search will tell you that Holzer, Holzer & Fistel initiates a lot of investigations into public companies, none of which at first glance appear to have resulted in any actual lawsuit or action. But that doesn’t mean gamers or investors are happy about the continued issues with Battlefield 4. One group bought a video game expecting to be able to play it without problem, the other bought stock expecting returns from a game they didn’t know was broken.

EA stock fell over 7% last Thursday on the news that the company would delay future games and expansions from its developer DICE until further notice. EA recovered on Friday, but has slipped another 5.71% this week, with most of the damage coming on Wednesday.

This despite the fact that EA subsidiary developer DICE rolled out a new patch on Wednesday to improve the game’s stability. Clearly, investors aren’t convinced such measures have fixed the problems, and why would they? The official bug tracker still lists many issues as unsolved. Reportedly, Microsoft has started issuing refunds for the buggy Battlefield 4 Premium service.

Of further worry may be that EA has permanently damaged its reputation among gamers, which could affect its sales of other games in the future.

http://www.forbes.com/sites/briansolomon/2013/12/12/did-ea-lie-about-battlefield-4-now-under-investigation/?partner=yahootix


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PostSubject: Re: Did EA lie about BF4   Sun Dec 22, 2013 9:43 am

More issue's for EA.

SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against ELECTRONIC ARTS, INC. and Its Board of Directors and a Lead Plaintiff Deadline of February 18, 2014 -- EA

NEW YORK, Dec. 18, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Electronic Arts, Inc. ("EA" or the "Company") (EA) common stock between July 24, 2013 and December 4, 2013.

For more information, click here: http://zlk.9nl.com/electronic-arts-ea/.

The complaint alleges that the Company made materially false and misleading statements regarding the purported strength of the Company's rollout of version 4 of its Battlefield video game series. On October 29, 2013, EA increased its guidance for fiscal 2014. On November 15, 2013, Battlefield launched simultaneously with the new PlayStation 4; since its launch, EA has been forced to issue multiple patches to fix glitches and other problems with the game. Then on December 4, 2013, it was disclosed that EA was forced to halt upcoming projects related to Battlefield 4 and other projects in development due to bugs, connectivity issues, and other problems plaguing the game. Shares of EA have fallen from a close of $24.83 the day before the launch (October 28, 2013) to a recent close of $22.75 per share.

If you suffered a loss in EA you have until February 18, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/electronic-arts-ea/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

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