CD Projekt is being accused of making misleading statements about Cyberpunk 2077 and is now facing a lawsuit from its investors.
Last week, there was talk of CD Projekt’s own investors filing lawsuits against the company as a result of Cyberpunk 2077’s launch.
On Christmas Eve, one such lawsuit was officially announced by the New York-based Rosen Law Firm, which represents investors that fall victim to securities fraud and corporate misconduct.
The purpose of the class action lawsuit, which can be read in full on the firm’s website, is to recover damages for CD Projekt’s investors, and it accuses the company of making false and/or misleading statements concerning Cyberpunk 2077’s release.
Specifically, it is referring to how the base PlayStation 4 and Xbox One versions of the game were infamously buggy upon release and alleges CD Projekt deliberately never showed it running on those consoles before launch.
This in turn led to CD Projekt, Sony, and Microsoft all agreeing to provide refunds for even digital copies of the game, with Sony also removing it from its PlayStation Store.
Rosen Law Firm writes ‘… defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.’
According to Bloomberg, CD Projekt has said it will ‘vigorously’ defend itself against the claims, meaning this will likely be taken to court.
Both CD Projekt and its investors have certainly taken a hit. In the wake of Cyberpunk 2077’s launch, shares in the company have dropped a considerable amount, costing CD Projekt about $2.7 billion (£2.4bn).
Despite all this, the game continues to perform well financially, having now sold 13 million copies, a figure that still takes into account refunds.
Cyberpunk 2077 is available on PlayStation 4, Xbox One, PC, and Stadia. PlayStation 5 and Xbox Series X/S versions are planned for 2021.
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