Judge rules against EA shareholders’ Battlefield 4 class action suit

The lawsuit against Electronic Arts involving Battlefield 4’s poor launch and online performance directly affecting EA’s share price has suffered a setback, as a federal judge has ruled against the shareholders who filed the suit.

According to Courthouse News, the suit also claimed senior executives at the publisher knew Battlefield 4 wasn’t ready for release and made or approved false claims about the quality of the game.

Judge Susan Illston of US District Court for the Northern District of California ruled that statements made by EA CEO Andrew Wilson and CFO Blake Jorgensen were [vague statements] of corporate optimism,” and puffery,” that any business would make of its products – not materially false and misleading statements,” the lawsuit claims.

The favorable ruling isn’t an outright victory for EA, as shareholders Ryan Kelly and Louis Mastro have until November 3rd to fix and refile their complaint. Ilston also ruled that Kelly and Mastro may substitute lead plaintiffs who purchased stock after statements made between October 29th and December 3rd of last year.

About MCV Staff

Check Also

Doki Doki Literature Club Plus!

“Insisting that DDLC must be experienced in one specific way would be a very elitist and pretentious mindset for us to have.” – Behind the scenes of Doki Doki Literature Club Plus!

We talk to Dan Salvato and Serenity Forge about the challenges of releasing a premium version of a free game, and the introduction of content warnings to Doki Doki Literature Club Plus!