Sign in with
Sign up | Sign in

Class Action Filed Against Electronic Arts Over Battlefield 4

By - Source: Robbins Geller Rudman & Dowd LLP | B 82 comments

On Tuesday the law office of Robbins Geller Rudman & Dowd LLP submitted a class action lawsuit against Electronic Arts in the United States District Court for the Northern District of California. The lawsuit is on behalf of Electronic Arts common shareholders who purchased the game publisher's stock between July 24, 2013 and December 4, 2013, aka the "Class Period."

According to the lawsuit, Electronic Arts allegedly issued "materially false" and "misleading" statements highlighting the purported strength of the company's rollout of Battlefield 4 this fall. Electronic Arts then issued strong fiscal 2014 financial guidance for the company, and increased that guidance on October 29. Thanks to these positive statements, stock steadily climbed to as much as $28.13 per share, allowing senior executives to sell their stock at artificially inflated prices.

Once November 15 came around, stock value began to decline due to reports of "multiple glitches and significant crashes" related to the PlayStation 4 version of Battlefield 4. Stock value fell again on December 4 when Electronic Arts told the gaming community that sales of Battlefield 4 would cease until the problems could be fixed. Ultimately, shares declined more than 28 percent in value since the reported high in October.

Statements made by Electronic Arts during the Class Period were "materially false and misleading" because they failed to disclose -- and misrepresented -- a number facts that were allegedly known to or recklessly disregarded by the company. For one, Battlefield 4 was riddled with bugs and multiple other problems, and as a result, Electronic Arts would not achieve a successful holiday season 2013 rollout of Battlefield 4.

Secondly, the unit responsible for Battlefield 4 was so "deficient" that all other projects were put on hold so that the entire unit could focus on fixing the problems. Because of this, there was no way Electronic Arts would be on track to achieve the financial results it had told the market it was on track to achieve during the Class Period.

The complaint charges Electronic Arts and a number of its officers and directors with violations of the Securities Exchange Act of 1934. The unnamed Plaintiff is seeking to recover damages on behalf of all purchasers of Electronic Arts common stock during the Class Period.

Discuss
Ask a Category Expert

Create a new thread in the News comments forum about this subject

Example: Notebook, Android, SSD hard drive

This thread is closed for comments
Top Comments
  • 19 Hide
    itsnotmeitsyou , December 18, 2013 5:48 PM
    Game companies serve stock holders, not gamers.
    Oil companies serve stock holders, not drivers.
    Governments serve stock holders, not citizens.

    Go indie.
Other Comments
  • -2 Hide
    bsharrah , December 18, 2013 5:22 PM
    Figured something like this would occur. Way too many issues with this game for people to just roll over and accept it. Never saw a console game have this many problems. To this day I can't play campaign and be able to save my progress.
  • 4 Hide
    ddpruitt , December 18, 2013 5:29 PM
    What about all of us who gave EA money and expected something in return? Anyone paying attention to EA over the last few years knew they were gambling money on EA's stock (worst company 3 years running, botch roll outs of several games, important devs leaving, etc). Is there anyone wiling to protect us gamers who actually paid for a product instead of some wealthy jackass lawyer representing some wealthy asshole who was making a bet on the stock market?
  • Display all 82 comments.
  • -1 Hide
    AJSB , December 18, 2013 5:38 PM
    Last EA/DICE i bought was BFBC2 and i swear never again....

    In watched with amusement all the crap (yeah , that's the only world that can describe it) made by EA/DICE since then like MoH, BF3, MoHW and BF4....

    The most funny thing is that new game as the same type of issues than previous....only WORSE.

  • 1 Hide
    hero1 , December 18, 2013 5:40 PM
    I am glad I heldout from buying this game when it came out.
  • 0 Hide
    TeKEffect , December 18, 2013 5:41 PM
    I'm with you Harrah. Can't even get the campaign to work. Should never have pre-ordered. Say what you want about cod. It works.... Can't say that for bf4
  • 19 Hide
    itsnotmeitsyou , December 18, 2013 5:48 PM
    Game companies serve stock holders, not gamers.
    Oil companies serve stock holders, not drivers.
    Governments serve stock holders, not citizens.

    Go indie.
  • 6 Hide
    rad666 , December 18, 2013 5:48 PM
    Looks like they REALLY want to be the "Worst Company in America" for the THIRD year in a row...and maybe even earn it this time.
  • -2 Hide
    ohim , December 18, 2013 5:52 PM
    First of all any game out there will have issues , second ..the money from this crap type lawsuits will get into the pockets of some dirty ass lawyers. So no matter how bad the game was at start this leaches can go suck it up, they don`t deserve the money. I don`t feel bad for stockholders ... they have more money than any of us could ever dream of anyway, the consumer who was affected by the bugs will get nothing but hopes that one day this game will function 100%. For me personally except the netcode everything works fine since the last update. 1 more month and probaly every body will forget how bad the game was at start.
  • 0 Hide
    06yfz450ridr , December 18, 2013 5:53 PM
    Honestly they had it coming so many problems from the start. The beta was a nightmare and they fix one problem and create another with their updates. Luckily bf3 turned out good towards the end. Bf4 atleast plays well on pc and looks good so i cant complain besides the glitches still
  • -1 Hide
    Mousemonkey , December 18, 2013 5:57 PM
    I wonder where those who said BF4 was going to be the best game ever are?
  • 4 Hide
    Mousemonkey , December 18, 2013 6:02 PM
    So why are there no complaints of every other game crashing if the underlying fault is the same?
  • 0 Hide
    hapkido , December 18, 2013 6:03 PM
    I'm trying to get my money back. This is the very first time I've ever asked for a refund on a video game purchase.

    My buddy talked me into it, and it's been complete garbage. The lag and bugs make engagements basically random outcomes and now with the first DLC out, you can't play on servers with DLC maps in their rotation. So if a server has the 10 base maps and 1 DLC map, you can't play on that server without buying the DLC.
  • 1 Hide
    spp85 , December 18, 2013 6:06 PM
    Electronic Arts is a company with dozens of LAZY programmers and testers. Never Pre-order any EA games.
  • 3 Hide
    X58Reza , December 18, 2013 6:17 PM
    Honestly the game runs find MOST of the time. But since everyone is experiencing it, the least EA could do is offer the premium add on for free to existing users whom have to put up with the crashes. THAT"S THE LEAST!
  • -2 Hide
    RupertJr , December 18, 2013 6:28 PM
    well if you buy stock actions then yuo know you are playing roulette, when you buy actions you are speculating. So if you wanna make money put that money to work in a real business not just one based on speculations.
  • 0 Hide
    RupertJr , December 18, 2013 6:33 PM
    @Roger Rogers
    if you are experiencing that many issues and blue screens it looks like you are having hardware issues. Have you checked your drivers? memory timings and things alike? have you tried isolating your hardware? have you tried taking a look at windows logs? maybe you get some clue to discover the issue.
  • 2 Hide
    Peacelol , December 18, 2013 6:38 PM
    Quote:
    I wonder where those who said BF4 was going to be the best game ever are?


    We're busy online enjoying the game lol.

    At least for me I'm happy of the improvements they made as quickly as possible. On PC, I personally no longer experience any issues anymore compared to what launch had going on. On my consoles though that is certainly a different story as they essentially have to wait for Sony and Microsoft QA approvals before release.

    I definitely don't support the launch, it was poorly done and obviously rushed as many titles seem to be under EA's watch as a publisher. From SWOTR, Sim City, and now BF4.... all were rushed and needed more time to be polished. I didn't appreciate the b.s. customer appreciation they did with x2 XP and a stupid weapon attachment either. Sim City only experienced issues for 1-2 weeks and customers were given a free game (with a decent selection to choose from)..not sure why this wasn't done with BF4.

    Sadly every publisher seems to be just garbage in customer service... any that did were bought out or went out of business.
  • 4 Hide
    Nolonar , December 18, 2013 6:38 PM
    Quote:
    It is certainly more reliable than Microsoft Windows Millenium, Win Vista, Or W8.1.

    That's odd, because the last time I've encountered a BSOD was on Windows 7. Windows 8 and 8.1 have never crashed on any of my 3 computers, yet BF 4 has, and more than once.

    Quote:
    THREE times this morning my Windows 8.1 i7 3D laptop has crashed with the BLUE SCREEN OF DEATH (Windows "SYSTEM_SERVICE_EXCEPTION"v[Win 32 ~]). You think I dont notice that more than a brief kick from a game and re-join usually within seconds??

    I get other BSOD messages on this W8.1 laptop and also on my new Desktop also (listed in my PC comment in this comment box).

    I have only 20 years experience using MS though.

    You know what they say about experience: "It doesn't matter how much experience you have, if you never learn from it."

    I just Googled your BSOD "SYSTEM_SERVICE_EXCEPTION" and the first few results are about people who had it on Windows 7.
    On this thread and this one, the BSOD seems to have been caused by "very old drivers".

    I assume the cause would be very similar, if not the same on Windows 8 or 8.1.
  • -3 Hide
    Mousemonkey , December 18, 2013 6:43 PM
    Quote:
    Quote:
    I wonder where those who said BF4 was going to be the best game ever are?


    We're busy online enjoying the game lol.


    The fact that a lawsuit has been filed and the reasons for that lawsuit lead me to question the veracity of your comment.
  • 2 Hide
    Peacelol , December 18, 2013 6:47 PM
    Quote:
    I'm with you Harrah. Can't even get the campaign to work. Should never have pre-ordered. Say what you want about cod. It works.... Can't say that for bf4


    While I hate to even get involved in this argument... let's face it... there wasn't much of a change to CoD. Even then it was plagued with bugs during launch especially on PC and runs like complete crap.

    Quote:
    Honestly they had it coming so many problems from the start. The beta was a nightmare and they fix one problem and create another with their updates.


    Beta (unless you want to consider that public alpha lol) ran much better than launch did. Not sure why you say it ran like a nightmare because it actually was quite stable for such an early "beta" build. This is something frequently discussed on the Battlelog forums as well... many were surprised as to how they went backwards on things because they had minimal problems on beta itself.
Display more comments