EA Slammed With Shareholder Class-Action For Glitchy Game
December 27, 2013
Shareholders of video game company EA have filed a securities class-action lawsuit claiming that company executives withheld information about glitches in Battlefield 4, then sold $13.3 million in stock before the game’s disastrous release in November. EA is likely to point to the fact that the game was released to coincide with the release of the PlayStation 4 and new Xbox One, themselves new systems that weren’t finalized while programmers were creating Battlefield 4. And servers that crashed the week of the game’s release were brought down by hackers. The securities class-action is just one of many suits brought against EA for the stock sell-off.
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