EA Investigated by Law Firm Over Battlefield 4

[Krisis]

EA Investigated by Law Firm Over Battlefield 4
by Lucy O'Brien DECEMBER 11, 2013

United States law firm Holzer Holzer and Fistel, LLC is conducting an investigation over whether EA mislead its investors during Battlefield 4's development and post-launch.

Specifically, the firm will investigate whether EA complied with "federal securities laws" when making public statements regarding Battlefield 4 between the days of July 24 and December 4 2013.

"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," read a press release issued by the firm. The release then goes on to encourage those who suffered losses on EA common stock purchased between those dates to be in touch.

Holzer Holzer and Fistel specializes in representation of investors victimized by securities fraud and other corporate corruption.

While this should not be interpreted as a lawsuit (yet), it's another crappy chapter in the ongoing saga of Battlefield 4. Unstable servers, dodgy DLC and various bugs have lead to a number of consumer complaints, and recently an EA representative promised IGN that developer DICE is "not moving onto future projects or expansions until we sort out all the issues with Battlefield 4." Microsoft, in the meantime, is refunding Battlefield 4 premium members unhappy with their purchase.

IGN

 

[Wang Chung]

So with all those issues its still better than Ghosts or BLOPS 2. If this does go to trial could this hurt EA even more and my question is does it kill the Star Wars:Battlefield game that was using that engine.

Destroying Sith with my Kindle Fire on Tapatalk

 

[Krisis]

Well the star wars game is definitely on hold since DICE isn't doing anything else until the issues with BF4 are resloved

 

[Orobin Thor]

This is supposed to be the best installment of Battlefield to date. If the law firm sues, it will be a blow that will knock maybe 40% of their revenue out of the water. The only other titles keeping them afloat are NCAA and Madden, imo.

 

[Krisis]

They got a few heavy hitters coming out next year though besides the annual Madden, FIFA, and NCAA...

Titanfall
The Sims 4
Dragon Age: Inquisition
EA Sports UFC

So I think they'll be ok.

Sent from my SPH-L710 using Tapatalk

 

[Orobin Thor]

Titanfall, if the game is as good as they are advertising will be the third wheel. The Sims has lost alot of steam in my opinion. Too many expansions too quickly. I can see UFC going gold for a few months. Dragon Age will be as popular as the new Final Fantasy, then fall. Titanfall is the really the only promising release for 2014 in my opinion.