Another law firm is looking for Electronic Arts shareholders who could participate in a class-action lawsuit alleging that company officials violated U.S. securities laws by giving false impressions of the quality of Battlefield 4.
The law firm Brower Piven has "commenced" a class-action suit in U.S. District Court for the Northern District of California, according to a press release from the firm today. As in a legal complaint filed earlier this week by a different firm, Brower Piven cites alleged violations on EA's part of the U.S. Securities Exchange Act of 1934 — in particular, that EA deliberately failed to disclose problems with the development of Battlefield 4 prior to its release.
EA's stock price tumbled after the problematic release of Battlefield 4 on PlayStation 4 and Xbox One, and again after the Dec. 4 announcement from developer EA DICE that the studio was halting all development on Battlefield 4 expansions until after it fixed the game's numerous issues. Brower Piven is charging that EA officials knew there were issues with Battlefield 4, but waited to discuss them publicly in an effort to artificially keep up the company's stock price.
It appears that like another law firm, Brower Piven is, at this time, merely exploring the possibility of filing a lawsuit against EA, or looking for individuals who could potentially participate in a class-action suit — namely, people who purchased EA stock between July 24 and Dec. 4. We were unable to find court records of any legal complaint filed by Brower Piven, and have reached out to the firm to ask if it intends to file a suit.
An EA representative told Polygon that the company has no comment. We'll update this article with any information we receive from Brower Piven.