CD PROJEKT RED faces lawsuit due to Cyberpunk 2077

It seems that troubles won’t end for Cyberpunk 2077 anytime soon. The games being the buggy mess indicates that the gamers are not only but even the games investors are disappointed by its performance in the market.

The CD PROJEKT RED executives received news that the LA-based The Schall Law Firm and the NYC-based Rosen Law Firm filed class-action lawsuits against CD Projekt alleging that the Company misled investors it comes to the recently released game Cyberpunk 2077.

According to the Complaint, “the Company made false and misleading statements to the market. CD Projekt’s hotly-anticipated video game “Cyberpunk 2077” was practically unplayable on current-generation Xbox and PlayStation consoles due to an overwhelming number of bugs and other problems. Sony, Microsoft, and the Company were forced to offer refunds to customers who bought “Cyberpunk 2077,” resulting in Sony removing the game from its PlayStation Store.

The Company’s reputation was harmed significantly by the botched launch of “Cyberpunk 2077.” Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about CD Projekt, investors suffered damages.”

According to the lawsuit, defendants throughout the Class Period made false and misleading statements and failed to disclose that:

1. Cyberpunk 2077 was virtually unplayable on the current-generation Xbox or Playstation systems due to many bugs.
2. The outcome of the first failure resulted in Sony removing Cyberpunk 2077 from the Playstation Store, and Sony, Microsoft, and CD Projekt would be forced to offer full refunds for the game.
3. CD Projekt suffered reputational and pecuniary harm.
4. The conclusion being, defendants’ statements about their business, operations, and prospects, were materially false and misleading and lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

It looks like the developers of Cyberpunk 2077, have gotten themselves in a real tight spot. For more info, stay tuned.

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