As the Courthouse News reported, however, Judge Susan Illston ruled that at least some of those statements were nothing more than "corporate confidence," and while it may have been misplaced, it does not constitute the foundation for a lawsuit.
"[CFO Blake] Jorgensen's Oct. 29, 2013 statement comparing 'BF4' to a World Series ace pitcher is puffery," she wrote. "Defendant [CEO Andrew] Wilson's Oct. 29, 2013 statement explaining that EA 'worked more closely with Microsoft and Sony throughout the entire process' resulting in a 'launch slate of games that are the best transition games that I've ever seen come out of this company' is an inactionable opinion, as well as a vague statement of corporate optimism."
"[CFO Blake] Jorgensen's Oct. 29, 2013 statement comparing 'BF4' to a World Series ace pitcher is puffery," she wrote. "Defendant [CEO Andrew] Wilson's Oct. 29, 2013 statement explaining that EA 'worked more closely with Microsoft and Sony throughout the entire process' resulting in a 'launch slate of games that are the best transition games that I've ever seen come out of this company' is an inactionable opinion, as well as a vague statement of corporate optimism."
This lawsuit was filed December 2013 and claimed that EA execs knew that Battlefield 4 was going to be a giant clusterfuck (not their exact phrasing). The suit claimed that EA made false and misleading positive public remarks about the game that pushed some investors to pump more money into the companies and the game as a result.
Ryan Kelly and Louis Mastro, the two that are leading the lawsuit, have been found to have purchased stock in the company prior to five out of the eight misleading statements being made. The judge said that they are free to find others who purchased stock after all of the supposed misleading statements were made in order for things to move forward.
(via PC Gamer)
Isn´t that the whole idea of an investment. If the product fails then the stock take a nosedive and that is the danger of purchasing stock.
If they were mislead then they must give the chairman a vote of no confidence at their next general assembly.