Electronic Arts Inc. (NASDAQ:ERTS) Being Sued Over Sports Franchises

Electronic Arts Inc. (NASDAQ:ERTS) is facing a class action lawsuit over its sports exclusivity contracts. Electronic Arts Inc. (NASDAQ:ERTS) Being Sued Over Sports Franchises A class action lawsuit has been filed in northern California against Electronic Arts Inc. (NASDAQ:ERTS) over exclusive sports deals involving the NFL, NFLPA, NCAA, and AFL. It appears that the main claim of the suit is that by gobbling up the rights Electronic Arts Inc. (NASDAQ:ERTS) put themselves in a position to overcharge consumers. According to the law, if you do nothing and are a member of the class suit, you will be bound by the decisions of the case and will no longer have the option to sue the defendant, Electronic Arts Inc. (NASDAQ:ERTS). Electronic Arts Inc. (NASDAQ:ERTS) shares were at 19.86 at the end of the last day’s trading. There’s been a 23.7% change in the stock price over the past 3 months. Electronic Arts Inc. (NASDAQ:ERTS) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.07 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.18 Zack’s Rank: 4 out of 11 in the industry
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