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EA facing Battlefield 4 lawsuit

Luke Johnson by

Battlefield 4
Battlefield 4

Leading games developer Electronic Arts is being taken to court over claims that it provided falsified details on Battlefield 4 to help inflate its stock prices.

The latest in a series of issues to befall EA following the recent Battlefield 4 launch, US law firm Robbins, Geller, Rudman and Dowd has filed a class action lawsuit against the publisher on behalf of investors who bought stock in the company between July 24 and December 3 2013.

According to the law firm, earlier this year EA made statements which violated the 1934 Securities Exchange Act. It is claimed that the company offered “materially false and misleading statements” about the first-person shooter, after which “the price of Electronics Arts’ stock steadily climbed on these statements.”

The law firm’s filing added that EA’s stock prices reached “a Class Period high of $28.13 per share by August 23, 2013 and allowing certain of Electronic Arts’ senior executives to sell their Electronic Arts stock at artificially inflated prices.”

Although EA’s share prices rose earlier in the year, the Battlefield 4 release was followed by a mass of consumer complaints due to a number of high-profile bugs and glitches with the game. On top of this, a number of promised Battlefield 4 updates to fix these issues have been hit by continued delays.

EA has flatly refused these claims, suggesting that the Robbins, Geller, Rudman and Dowd filing is “meritless.”

"We believe these claims are meritless. We intend to aggressively defend ourselves, and we're confident the court will dismiss the complaint in due course,” the publisher said in an official statement.

Read More: Best Games 2013

Via: Guardian

Go to comments

Jeff Murphy

December 23, 2013, 11:18 am

boooo to EA, they have ruined enough franchises.


December 23, 2013, 3:09 pm

and what people expect from these idiots EA? they are the ones who ruined Medal of Honor franchise. Now they want to turn Battlefield into a CoD game. But as you can see even that is hard for them. By trying to do just that, they are actually screwing it up even more!

fed up

December 23, 2013, 8:52 pm

They should have been forced to fix their stuffing up of FB scrabble before they were even allowed to start thinking of any new game! Why is there no law to stop bad companies such as EA and Mattel? They get away with murder ripping off the public worldwide :-(

Tim Winstead

February 9, 2014, 10:57 pm

I purchased Battlefield 4 after playing 3, and was expecting the same high quality and standards. However, I have yet to play without at some point my game freezing. It's as though you have to put in 3 to 4 times the amount of play time to acquire weapons and promotions. You freeze, you lose all the progression. It always says thank you for your cooperation in notifying us of this situation, however, nothing is in place to correct the problem. Love BF3, excellent game, sold me on Dice. BF4, feel I was raped for the money to buy it.

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