NEW YORK, Jan. 6, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Electronic Arts, Inc. ("Electronic Arts" or the "Company")(NASDAQ: EA). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 1-888-476-6529, ext. 237.
The investigation concerns whether Electronic Arts and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On December 4, 2013, it was disclosed through discussions the Company held with video game bloggers that due to bugs, connectivity issues, server limitations, and various other problems plaguing Battlefield 4, Electronic Arts had been forced to indefinitely halt the Battlefield 4 rollout and other projects until the problems with Battlefield 4 could be fixed.
On this news, shares of Electronic Arts fell $1.33 per share to $21.01, or more than 5.95%, on December 5, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE The Pomerantz Firm