Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action against Electronic Arts, Inc.
NEW YORK, Jan. 9, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a securities class action has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased shares of Electronic Arts, Inc. ("EA") (NasdaqGS: EA), during the period between July 24, 2013 and December 4, 2013, inclusive (the "Class Period").
The complaint charges EA and certain of its executives with violations of federal securities laws. The complaint alleges that during the class period EA and certain of its executives issued a series of materially false and misleading statements during the Class Period, and failed to disclose and misrepresented the following adverse facts: (i) Battlefield 4 was riddled with bugs and multiple other problems, including downloadable content that allowed players access to more levels of the game, a myriad of connectivity issues, server limitations, lost data and repeated sudden crashes, among other things; (ii) as a result, Electronic Arts would not achieve a successful holiday season 2013 rollout of Battlefield 4; (iii) the performance of the Electronic Arts 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 on fixing Battlefield 4; and (iv) as a result, Electronic Arts was not on track to achieve the financial results it had told the market it was on track to achieve during the Class Period.
Plaintiff seeks to recover damages on behalf of all EA shareholders who purchased common stock during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. February 18, 2014 is the deadline for investors to seek a lead plaintiff appointment. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC