EA Games is being sued by law firm Robbins, Geller, Rudman and Dowd today. The firm claims that EA violated the Securities Exchange Act of 1934. How? Back in October, EA told the world that Battlefield 4 was going to be a huge hit, and that caused EA stocks to rise steeply. What's wrong with that?
As it turns out, EA may have known that the game was filled with glitches and bugs before the company made the false statement. Already, lots of gamers have complained to EA about Battlefield 4's problems. In short, the company inflated stock prices and then put out a product that was known to be faulty. That's the kind of trickery that law firms pounce on.
Is It Warranted?
EA has responded to the lawsuit stating that the claim is 'meritless.' The company states that they did not purposely create a false hype about the game, and that they did not know about any problems with the game. Essentially, the company claims that everything was fine with the game until it was purchased by tons of gamers.
Can a law firm make such a claim? Is it warranted? And, what about the many gamers that now have a game that's faulty - or the investors that bought into a company they believed made a winning product? All of these questions are being tossed around today, both by EA and by the law firm that aims to take the company down.
Not a Good Thing
They say that no press is bad press, but that statement might not be true in this case. The fact that EA is going down in history as being sued for putting out a bad product isn't going to sit well with gamers that have purchased Battlefield 4 already. Plus, those people that may be considering new EA titles in the future may now think twice about purchasing one of those games.
If you're mad that your Battlefield 4 game isn't working and you want some kind of compensation, you'll have to hang on for a while. EA may refund some of your dollars if you present a good case, but you can't claim that the company knew all about the game's problems prior to its release. In order to prove that, lawyers will have to show (without a doubt) that EA intentionally falsified information - and that doesn't look like it's going to happen.
Some Good May Happen
It is possible that some good may come from the recent EA problem, though. Whether or not EA intentionally sent out a faulty product remains to be seen, but other companies will now think twice before sending out any games that aren't absolutely perfect. It will be interested to see where this lawsuit goes from here, won't it?
Do you have Battlefield 4? What are the problems that you've encountered already? From a gamer's or developer's perspective, do you think it's possible that EA didn't know about the many issues with this game?