CD Projekt has responded to the first proceedings filed against investors who are clearly misleading about the state of Cyberpunk 2077.
After an early tweet that some CD Projekt investors could sue the company for misrepresenting their condition Cyberpunk 2077, One such proceeding has been formally filed.
The New York-based Rosen law firm filed a class action proceeding against CD Projekt on December 24. The proceedings were filed on behalf of investors who purchased CD Projekt shares in the United States between January 16 and December 17, 2020. Recovery of their damages under federal securities law.
The lawsuit alleges that CD Projekt “did not disclose that the Cyberpunk 2077 was virtually unplayable on current generation Xbox or Playstation systems due to a huge number of bugs,” and withdrew the game from the PlayStation Store. Citing Sony’s recent decision and Microsoft’s full refund Policy as the main result of CDPR’s actions.
“CD Projekt will suffer reputation and financial damage. As a result, Defendant’s statements regarding its business, operations, and prospects are virtually false and misleading, and / or at all relevant times. It lacked a rational basis, “continues the submission.
The next day, CD Projekt confirmed that it had received notice of the proceedings and stated in an official statement that it would actively defend it.
“We will take positive action to protect ourselves from such claims,” CD Projekt added, adding that the proceedings “have not specified the amount of damages required.”
Despite the controversy, Cyberpunk 2077 has sold over 13 million copies so far. This is the fact that CD Projekt used to soothe investors. The CD Projekt Red team is moving away from release issues and continuing to develop patches. The first patch will be released this month and another will be released in February.
For more information on Cyberpunk 2077, check out our guide to find out the best life path to choose from and how to get all the endings.