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Class Action Lawsuit Filed Against EA

Posted by Zonk on from the insult-to-injury dept.

yakitori writes "Today, the law firm of Schatz & Nobel, P.C. filed a class action lawsuit against Electronic Arts on behalf of shareholders. The complaint basically alleges that EA issued false financial projections to shareholders. Shares have dropped from $66 on March 21 to $53 on March 29." Gamasutra has commentary on the suit as well.

1 of 22 comments (clear)

  1. Too bad for disclaimers by Anonymous Coward · · Score: 2, Informative

    I work in a print shop in the financial district in Toronto and, having printed many financial projections, I can pretty well guarantee that on the second or third page of the document there was a disclaimer stating that the document conained "forward looking statements" that are not intended as financial advice. It would further go on to state that the company (EA in this case) makes no warrenties to the validity of those statements.

    At least there should have been something like that, otherwise they're screwed.