After a rocky Cyberpunk 2077 The CD Projekt publishing house, which had started in December before, is facing a class action lawsuit for alleged violations of the Federal Securities Act. The lawsuit was filed in a California court Thursday by the New York-based law firm Rosen.
Law firm Rosen filed the lawsuit on behalf of investors who purchased securities such as stocks between January 16 and December 17, 2020. In the lawsuit, attorneys alleged that CD Projekt made “false and / or misleading” statements about Cyberpunk 2077released on December 10th for Google Stadia, PlayStation 4, PlayStation 5, Windows PC, Xbox One, and Xbox Series X. Lawyers are requesting class action status for the lawsuit.
According to the lawsuit, CD Projekt did not publish enough information Cyberpunk 2077 was buggy and “practically not playable” on PlayStation 4 and Xbox One. Specifically, the statements in the lawsuit relate to the company’s claim that the game was “complete and playable” in January 2020, even though the game was postponed until September. In one case, CD Projekt President and Joint CEO Adam Kiciński said during a conference call announcing another delay Cyberpunk 2077 responded to concerns about the PlayStation 4 and Xbox One versions of the game. Kiciński told investors that there was “no problem” with the versions, just some optimization that needed to be done, lawyers said.
Due to the game’s problems, Sony has been removed Cyberpunk 2077 from the PlayStation Store, with most storefronts and retailers offering full refunds for the game. Lawyers specified in one accompanying press release for complaining that the statements regarding the Playstation 4 and Xbox One versions of the game were “materially false” and “misleading”. If the full scope of Cyberpunk 2077When the problems emerged, according to legal proceedings, investors suffered “damage” due to an “artificially inflated” market price. December 11th CD Projekt shares fell
Lawyers are demanding an undisclosed amount of damages for investors. In the press release published on Thursday, the law firm Rosen, which specializes in “global investor rights,” has asked investors interested in litigation to contact the firm. Polygon contacted Rosen Law Firm and CD Projekt for more information.
One class has not yet been certified, the law firm Rosen said. Investors in Poland are also considering a class action lawsuit. The New York Times reported. Another law firmWolf Haldenstein Adler Freeman & Herz is also investigating “potential securities claims”.
On December 14th, CD Projekt apologized to the players for the start. The developer has been on the test bench ever since Cyberpunk 2077The game’s rocky start, although the game has also been criticized for transphobic marketing as well as the obligatory “crunch” during the game’s development.
