An investor has filed a class-action suit against Electronic Arts in the Northern District of California, accusing the publisher of violating federal securities laws by making "materially false and misleading statements" about the development of its troubled shooter Battlefield 4 in advance of the game's launch. The suit alleges that EA and a handful of its senior executives knew the game was riddled with bugs and would fail to meet sales targets, but lied to keep company stock artificially high while they sold millions of dollars worth of shares.
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An investor has filed a class-action suit against Electronic Arts in the Northern District of California, accusing the publisher of violating federal securities laws by making "materially false and misleading statements" about the development of its troubled shooter Battlefield 4 in advance of the game's launch. The suit alleges that EA and a handful of its senior executives knew the game was riddled with bugs and would fail to meet sales targets, but lied to keep company stock artificially high while they sold millions of dollars worth of shares.
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