Two weeks after the troubled launch of Cyberpunk 2077, CD Projekt Red is facing collective action. But the request is not on behalf of players who may feel harmed by a pre-release cycle that hid the state of the game on PlayStation 4 and Xbox One. Instead, it is on behalf of investors.
Yesterday, the Manhattan-based Rosen Law Firm filed a lawsuit in the Central District of California “on behalf of persons or entities that have purchased or otherwise acquired publicly traded CD Projekt Red securities between January 16, 2020 and December 17, 2020.” Translated: shareholders, specifically those who acquired shares in the past year or so.
A companion Press release, issued yesterday afternoon, details the complaint:
(1) Cyberpunk 2077 it was virtually impossible to play on current generation Xbox or Playstation systems due to a huge number of bugs; (2) as a result, Sony would remove Cyberpunk 2077 the Playstation store, and Sony, Microsoft and CD Projekt would be forced to offer a full refund for the game; (3) consequently, CD Projekt would suffer damage to reputation and property; and (4) as a result, the defendants’ statements about their business, operations and prospects were materially false and misleading and / or lacked a reasonable basis at all relevant times. When the real details entered the market, the lawsuit claims that investors suffered damage.
The main plaintiff in the case is Andrew Trampe, but the press release states that the law firm is looking for other investors to join the lawsuit.
Cyberpunk 2077The launch of the Sony console was bogged down in bugs and crashes, so much so that Sony pulled the game in the PlayStation store, in addition to offering refunds. Xbox and several physical retailers they also offer refunds. The game sold oneestimated n 13 million copies despite its technical problems, that CDPR management Minimizing pre launch. The studio was patch up the game since launch.
G / O Media can receive a commission