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Did EA mislead investors about Battlefield 4?

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The news on Battlefield 4 just keeps getting worse. True, DICE has released a patch that’s supposed to fix the PS4 client crashes, but now it seems that EA might have misled investors; they’re even under a legal investigation.

Law firm Holzer Holzer & Fistel, LLC are investigating whether EA broke American federal security laws from July-December 2013:

Specifically, the investigation focuses on statements issued during that time regarding the development and sales of the Company’s Battlefield 4 video game and the game’s impact on EA’s revenue and projects moving forward.

Hmmm, could it have started when Kevin O’Leary said that Battlefield was going to be a billion dollar annual franchise? The statements have been all optimism and excellence, yet Battlefield 4 hasn’t had the easiest launch. In fact, it might be considered a bit of a flop. Investors will not be happy with the falling price of EA stock, and it’s certainly becoming far to easy to point the finger at BF4.

Now I wonder if EA’s CFO was lying last month when he said that a third of all games bought for PS4 were from EA. If they’re investigating statements made by the company and its officers, all their comments have become suspect. Then again, EA being the most hated company means most of their comments were suspicious anyway.

Last Updated: December 12, 2013

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