Investors File Class Action Lawsuit Against EA Over Battlefield 4 Launch

Electronic Arts has found itself on the business end of a class action lawsuit related to the numerous bugs, glitches, and technical problems related to Battlefield 4. The game, which launched in November on PC, PS3, PS4, Xbox 360, and Xbox One has suffered numerous problems since launch, and while EA and developer DICE have tried to get a handle on things, apparently some investors (not players, surprisingly enough) are so upset that they have decided to take the fight to a court room. The problems are so bad that EA and DICE recently announced that they would suspend development of downloadable content to focus solely on fixing bugs.

The class action lawsuit covers investors – including those who purchased EA common stock between July 24 and December 4. The complaint alleges that EA "over-promised" on Battlefield 4, and that the troubled launch of the game has really hurt the game's sales. This had led to lowered stock value for investors.

"Based on the purported strength of the Battlefield 4 rollout then underway, defendants issued strong fiscal 2014 financial guidance for the Company and actually increased that guidance on October 29, 2013. The price of Electronic Arts' stock steadily climbed on these statements, reaching a Class Period high of $28.13 per share by August 23, 2013 and allowing certain of Electronic Arts' senior executives to sell their Electronic Arts stock at artificially inflated prices," the complaint alleges.

Following the launch of Battlefield 4, EA's share price dropped to $21.01, down over 25 percent over its class period high. According to the complaint, EA "recklessly disregarded" known issues over Battlefield 4.

In a statement to Polygon responding to a request for comments about the lawsuit, EA said that class action was without merit:

"We believe these claims are meritless. We intend to aggressively defend ourselves, and we're confident the court will dismiss the complaint in due course."

Source: Shacknews

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