Two weeks after the troubled start of Cyberpunk 2077, CD Projekt Red faces a class action lawsuit. However, the submission is not made for players who may feel burned during an upfront cycle that hid the status of the game on PlayStation 4 and Xbox One. Rather, it is on behalf of investors.
Yesterday, the Manhattan-based law firm got Rosen Lawsuit filed in the Central District of California “on behalf of any person or entity who purchased or otherwise acquired CD Projekt Red publicly traded securities between January 16, 2020 and December 17, 2020.” Translated: shareholders, especially those who have added shares in the last year or so.
An accompanying Press release, issued yesterday afternoon, formulates the complaint:
(1) Cyberpunk 2077 was practically unplayable on current generation Xbox or Playstation systems due to an enormous number of bugs; (2) As a result, Sony would remove it Cyberpunk 2077 from the Playstation Store, and Sony, Microsoft and CD Projekt would be forced to offer full refunds for the game; (3) As a result, CD Projekt would suffer damage to its reputation and property. and (4) as a result, Defendants’ statements about their business, operations and prospects were materially false and misleading and / or were unfounded at all relevant times. When the real details hit the market, the lawsuit alleged that investors suffered damage.
The lead plaintiff in the case is Andrew Trampe, but the press release states that the law firm is looking for other investors to join.
Cyberpunk 2077The console launch was so marked by errors and crashes that Sony pulled the game from the PlayStation Store and offers refunds. Xbox and various physical retailers have also offered refunds. The game sold an appreciated 13 million copies despite its technical problems, the CDPR management downplayed Pre-release. The studio was Patching the game since the start.
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