A legal battle looms over the already tainted launch of CD Projekt Red’s Cyberpunk 2077. A firm called Rosen Law announced that it has opened a class-action lawsuit against the company.
The lawsuit alleges that the management for CD Projekt Red misled their investors about the state of Cyberpunk 2077 before its release. Furthermore, the game ended up being “virtually unplayable” on the PS4 and Xbox One due to “an enormous number of bugs.” Rosen Law does not currently have a lead plaintiff for this case, but shareholders can join it by filling out an online form. This lawsuit is expected to bring in a large number of disgruntled investors against the Cyberpunk developers. Below are some of the encompassing issues that are the cause of the lawsuit.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Cyberpunk 2077 was virtually unplayable on the current-generation Xbox or Playstation systems due to an enormous number of bugs; (2) as a result, Sony would remove Cyberpunk 2077 from the Playstation store, and Sony, Microsoft and CD Projekt would be forced to offer full refunds for the game; (3) consequently, CD Projekt would suffer reputational and pecuniary harm; and (4) as a result, 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.”
The class-action lawsuit is the first of what could be several potential legal battles for CD Projekt Red due to Cyberpunk 2077. This past weekend, The New York Times reported that investors in the company’s home country of Poland are considering legal action as well. Backlash over the launch has been so negative that Sony recently pulled the game from the PlayStation Store, while Microsoft went ahead and expanded its return policy. While it was widely understood that CD Projekt Red had handled the issues with grace by promising to refund anyone who purchased the game at retail and can’t return their copy. Not to mention that it was recently reported that Cyberpunk 2077 recorded 13 million copies sold despite all its issues. However, today’s suit shows that investors are still far from happy with all the issues that this game has faced.
Do you believe this lawsuit is necessary? Are you still enjoying Cyberpunk 2077? Comment below!
