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Judge Says EA Battlefield 4 Execs Engaged In "Puffery," Not Fraud
DemonOnIce writes with a story, as reported by Ars Technica, that a federal judge in San Francisco has dismissed a proposed securities fraud class action lawsuit connected to Battlefield 4's bungled rollout. From the report:
EA and several top executives were sued in December and were accused of duping investors with their public statements and concealing issues with the first-person shooter game. The suit claimed executives were painting too rosy of a picture surrounding what ultimately would be Battlefield 4's disastrous debut on various gaming consoles beginning last October, including the next-generation Xbox One. But US District Judge Susan Illston of San Francisco said their comments about EA and the first-person shooter game were essentially protected corporate speak. "The Court agrees with defendants that all of the purported misstatements are inactionable statements of opinion, corporate optimism, or puffery," Illston ruled Monday.
That was the finest Slashdot post I have ever read.
You know... I was downtown, selling some fine imported watches to passers by, and a police officer did not find my excuse of "Puffery" nearly as understandable as this judge seems to. Apparently Puffery isn't not allowed at $100, but is at $100million. Interesting indeed. I need to raise my price point!
You mean Ringling Brothers ISN'T actually the greatest show on earth?
Timmothy has been around far too long here to be expected to do his job.
Why is it so hard to only have politicians for a few years, then have them go away?
It's official. Doublespeak is now codified in law.
It's only fair. Law is encoded in Doublespeak.
Welcome to the Panopticon. Used to be a prison, now it's your home.