American legal firm Robbins Geller Rudman & Dowd LLP (try saying that while drunk) has commenced a class-action lawsuit against Electronic Arts over what they allege are misleading statements to investors about Battlefield 4.
The claims center around allegations that between July 24 to December 4 this year the publishing juggernaut misled shareholders about the expected sales performance of the latest installment in their ever-popular military FPS. However, during the cited time period, EA’s share price dropped by 28%, prompting an accusation from the firm that the publisher breached the Securities Exchange Act.
In addition, further mention is given to the game’s performance and connectivity issues, bugs, and the fact that DICE has subsequently halted production on other projects, impacting future earnings potential.
In other words, the lawsuit is effectively claiming that EA lied to investors while being in full knowledge about the issues facing the game.
In a statement to Game Informer, the publisher has said that they believe the accusations are “meritless” and promise to fight the action, stating that they are “confident the court will dismiss the complaint in due course.”
Battlefield 4 is indeed a very good game, but there’s no doubting that it has been suffering from a raft of technical problems on all platforms since its release last month. Many players have voiced their complaints and as previously mentioned, DICE have placed all future projects on hold until the problems are resolved. Whether they ever are or not – and to what extent – is something that we can all only wait for to see what happens in the coming weeks and months.
We’ll be keeping a close eye on this story and will post updates as new information comes to light.