Law Firm Investigating EA On Alleged Fraudulent Sales Claim

Law Firm Holzer & Fistel sent out a press release announcing an investigation on statements issued by Electronic Arts and some of its executives between July 24th, 2013 and December 4th, 2013 about the development and sales Battlefield 4, and the game’s impact on the company’s revenue and future projects.

The investigation aims to uncover possible lack of compliance of said statements with Federal Securities laws.

Holzer & Fistel didn’t give specifics, but it seems to me that the investigation is based on claims EA made about Battlefield 4 selling better than its predecessor — leading investors to invest in EA’s stock because of the confidence exuded by EA execs. The game however failed to do better than Battlefield 3 — by a huge margin, so there seems to be grounds for the inquiry.

The Feds take this matters seriously, and if proven to be true, EA could be forced to pay great amounts of money in both compensation and fees.

Thanks, DualShockers.