Law Firm Investigates Electronic Arts on Battlefield 4 About Compliance with Federal Securities Laws
Law Firm Holzer Holzer & Fistel sent a press release announcing an investigation on statements issued by Electronic Arts and some of its executives between July 24th, 2013 and December 4th, 2013 about the development and sales Battlefield 4 and the game’s impact on the company’s revenue and future projects.
Apparently the investigation aims to uncover possible lack of compliance of said statements with Federal Securities laws.
While no specific information was provided on what the statements under investigation actually said, or on what laws may have been broken, the firm encouraged investors that purchased EA stock during the period mentioned and suffered losses on that investment to contact them.
The most probable reason behind the investigation is that EA’s enthusiastic statements on Battlefield 4 may have made its stock look more tempting for investors compared to its realistic value, which can be ground for a lawsuit or worse. Of course this is just my personal speculation, so take it with a grain of salt, as we can’t draw any conclusion until any official results are announced.