EA under scrutiny over profit warning

by Lisa Foster
According to a Reuters report today, Schiffrin & Barroway - a law firm known for major class-action lawsuits - is looking to represent anyone who bought EA shares between January 25th when the company posted its Q3 results and March 21st when it warned of a profit shortfall for Q4.

Reuters says the suit claims that the publisher made misleading projections about its potential for its fourth quarter during its conference call on January 25th.

It also suggests that subsequently CEO Larry Probst and CFO Warren Jenson, plus a number of other EA senior executives, sold almost $40m of stock.

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