Ike_009
Assassin of Accountants
Yet most gaming sites are going at this from BF4 being a buggy game, which is incorrect. The real issue is that directors have a fiduciary duty to protect the investors investment, including which prevents them from making a profit at the expense of their shareholders.
The 2nd issue is that there is possibly insider trading which is also illegal and fraud.
Lastly EA has released plenty of buggy games and shareholders haven't even lifted an eyebrow, yet a game as highly rated as BF4 comes out to a sea of bad press and drops the share price. Why do you think they are upset? Is it EAs shody business practices or rather a share price drop?
This whole case is based on EA making inflated expectations from which shareholders bought into shares expecting quick growth, after which the actual fell short of the bar. This case is about pissed off shareholders, not buggy games or EAs wallet squeezing tactics so for gamers to be saying EA got what it deserved is short of the line. The guys making the case are pissed they lost out based on false declarations while EA directors cashed in on share options at their expense (which the shareholders couldn't stop).
The 2nd issue is that there is possibly insider trading which is also illegal and fraud.
Lastly EA has released plenty of buggy games and shareholders haven't even lifted an eyebrow, yet a game as highly rated as BF4 comes out to a sea of bad press and drops the share price. Why do you think they are upset? Is it EAs shody business practices or rather a share price drop?
This whole case is based on EA making inflated expectations from which shareholders bought into shares expecting quick growth, after which the actual fell short of the bar. This case is about pissed off shareholders, not buggy games or EAs wallet squeezing tactics so for gamers to be saying EA got what it deserved is short of the line. The guys making the case are pissed they lost out based on false declarations while EA directors cashed in on share options at their expense (which the shareholders couldn't stop).