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CD Projekt may face investor lawsuits over “Cyberpunk 2077”

The Boss by The Boss
December 21, 2020
in News, Reviews
0

Patrick Dane, Sunday, December 20, 2020, GMT

Facing the release of “Cyberpunk 2077”, more troubles CD Projekt will face are brewing.

According to reports, several investors in CD Projekt are considering actions to sue CD Projekt to deal with the issue of CD Projekt. Cyberpunk 2077.

Since the game was released last week, this has been a difficult period in history for the company. It was supposed to be a time of celebration, but it has become more and more complaints from all corners. It can be seen that the game was withdrawn from the PlayStation store and a large number of refund requests were generated, especially for the previous generation of players.

However, it may have to face its strongest critic-it is investors. According to the New York Times (via VGC), investors and lawyers based in Warsaw are said to be considering a class action lawsuit against the company. It depends on whether they can prove that CD Projekt “made a false statement for financial gain.”

Elsewhere, New York investor Wolf Haldenstein (Wolf Haldenstein) Adler Freeman & Herz LLP (via Yahoo! Finance) said it is also considering the case and hopes to recruit other investors to file a lawsuit.

They are investigating the legality of the case based on “ruling that CD Projekt may have released materially misleading information to its shareholders and the investment public.”

For investors, the biggest problem seems to be Sony’s decision to remove the game from the PlayStation Store, which will result in loss of revenue. The situation is more complicated because the developer stated that players can request a refund.

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It is difficult to say how much effort can actually be put into any of these in court. In any case, neither of these two methods seem very good. Hope that CD Projekt has time to fix the game state.

The January and February patches are expected to make the game more stable.

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Tags: CyberpunkFaceInvestorlawsuitsProjekt
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