NEW YORK, Feb. 5, 2014 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Electronic Arts, Inc. ("EA" or the "Company") (NasdaqGS: EA) common stock between July 24, 2013 and December 4, 2013.
For more information, click here: http://zlk.9nl.com/electronic-arts-ea/ .
The complaint alleges that the Company made materially false and misleading statements regarding the purported strength of the Company's rollout of version 4 of its Battlefield video game series. On October 29, 2013, EA increased its guidance for fiscal 2014. On November 15, 2013, Battlefield launched simultaneously with the new PlayStation 4; since its launch, EA has been forced to issue multiple patches to fix glitches and other problems with the game. Then on December 4, 2013, it was disclosed that EA was forced to halt upcoming projects related to Battlefield 4 and other projects in development due to bugs, connectivity issues, and other problems plaguing the game. Shares of EA have fallen from a close of $24.83 the day before the launch ( October 28, 2013) to a recent close of $22.75 per share.If you suffered a loss in EA you have until February 18, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/electronic-arts-ea/ . Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV