On March 22, 2005, Electronic Arts' share price fell a precipitous $11.20 per share, or 16.88%. If that injury weren't enough, a Philadelphia law firm has added insult by filing suit against the video game giant, claiming misrepresentations and omissions by EA caused the drop. Specifically, the firm alleges that EA failed to disclose several key facts regarding its competition, state of the market, and hardware shortages, leading to an inflated share price. In other news, Yves Guillemot was seen smiling all week.
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For more information on the plummet of EA's stock, please see http://www.shorl.com/hinisipygruvi