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EA receives class action lawsuit

A law firm recently announced it filed a securities class action lawsuit against a video game developer after shareholders brought forth allegations of securities law violations.

The law offices of Bronstein, Gewirtz and Grossman, LLC, filed the litigation on behalf of Electronic Arts, Inc., shareholders in the U.S. District Court for the Southern District of New York. This was for the class period between July 24, 2013, and Dec. 4, 2013.

Allegations of securities law violations were due to the company making statements that were believed to be either false, misleading or both. This was because the company did not note that its video game, Battlefield 4, had significant issues related to bugs and other problems. This included crashes, connectivity complications and data loss. Due to all of these problems, the game was not able to be properly released for the holiday season, as it needed significant work. All of these complications had the company fail to reach its financial goals that were established previously.

It is important that any stockholders who are considering becoming lead plaintiff file the correct paperwork with the court by Feb. 18, 2014. However, it is not necessary to do this in order to be a part of the group that can collect funds.

Any shareholders who want to learn more about the lawsuit should speak with the firm. This can be done by getting in touch with Peretz Bronstein or Eitan Kimelman. Both members can be reached by phone or email. For any people who decide to use email, it is necessary they not only give their telephone number, but also their mailing address.

Further litigation filed against game developer
Another class action claim against Electronic Arts was filed by a separate law firm related to many of the same issues.

The law office of Lieff Caraser Heimann and Bernstein, LLP, noted it filed a suit against Electronic Arts due to alleged violations of the Securities Exchange Act of 1934, specifically Sections 10(b) and 20(a).

For those stockholders who purchased shares during the aforementioned class period, it is possible to speak with the law office to gain more information on the action. The best contact is Sharon Lee, who can be reached by phone. Not only is information about the suit available, but also guidance to become lead plaintiff, if that is needed.

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