|[January 03, 2014]
Electronic Arts Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe, founder of The
Briscoe Law Firm, PLLC, and the securities litigation firm of Powers
Taylor LLP announce that a federal class action lawsuit has been
filed against Electronic Arts, Inc. ("EA" or "Company") (NasdaqGS: EA)
and several officers and directors for acts taken during the period of
July 24, 2013 to December 4, 2013 (the "Class Period").
Based upon the allegations in the class action, the firms are
investigating additional legal claims against the officers and Board of
Directors of EA. If you are an affected EA shareholder and want to learn
more about the lawsuit or join the action, contact Willie Briscoe at The
Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Zach Groover at Powers Taylor LLP, toll free (877) 728-9607, or via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
In the complaint, the defendants are alleged to have violated certain
provisions of the Securities Exchange Act of 1934. Specifically, the
complaint alleges that defendants misrepresented and/or failed to
disclose that (i) Battlefield 4 contained multiple bugs and other
problems, including, among other things, downloadable content that
allowed players access to more levels of the game, connectivity issues,
server limitations, lost data, repeated sudden crashes and the game
incorrectly registering on-target shots; (ii) due to the above issues,
EA would not achieve a successful holiday season 2013 rollout of
Battlefield 4; (iii) the performance of the EA unit publishing
Battlefield 4 was so deficient that all other projects that unit was
involved in had to be put on hold to permit it to focus its efforts
towards fixing Battlefield 4; and (iv) as a result, EA was not on track
to achieve the financial results it had told the market it was on track
to achieve during the Class Period. According to the complaint, when the
truth was revealed to the market, EA stock plummeted over 28% from its
Class Period high.
Briscoe Law Firm, PLLC is a full service business litigation,
commercial transaction, and public advocacy firm with more than 20 years
of experience in complex litigation and transactional matters.
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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