Class Action Lawsuit Filed Against Cyberpunk 2077 Developer CD Projekt
The launch of Cyberpunk 2077 has been turbulent, to say probably the least. While Cyberpunk 2077 has sold more than thirteen million units, it has launched in a less-than-ideal technical state, particularly on PlayStation 4 and Xbox One. As a result, Rosen Law Firm filed a class action lawsuit against CD Projekt on Thursday, citing the violation of federal securities laws.
The lawsuit against the Cyberpunk 2077 developer and publisher was filed in California on behalf of CD Projekt investors who had purchased stock between the dates of January sixteen, 2020 and December seventeen, 2020. Considering that stock for the Polish company dropped significantly following the launch of the much anticipated title, it would seem that there are actually several disgruntled investors. CD Projekt is publicly listed on the Warsaw Stock Exchange and is actually a component of the WIG20 index which is actually made up of the twenty largest companies on the WSE.
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Cyberpunk 2077 — Official Launch Trailer
In a press release, Rosen Law Firm stated that CD Projekt made a series of statements that were “false and/or misleading” regarding Cyberpunk 2077 being “virtually unplayable” on PS4 and Xbox One. It will cause the game’s removal from the PlayStation Store and refunds being offered by Sony, Microsoft, and CD Projekt itself. Consequently, this would harm CD ProJect’s finances and reputation. When the full scale of problems started to be public knowledge, the investors “suffered damages.”
While no class has been certified yet, Rosen Law Firm is actually asking for investors interested in joining the lawsuit to contact the firm. Besides Rosen, two other firms are actually considering action against CD Projekt. The Polish law firm of CD Projekt investor Mikołaj Orzechowski and New York based Wolf Haldenstein Adler Freeman & Herz LLP have stated that they’re looking into the circumstances.
With Cyberpunk 2077 being among the most anticipated games of all time, the rocky launch of its becoming extremely high profile. Players have reported numerous amounts of bugs, ranging from humorous and relatively harmless as seen with Cyberpunk 2077’s wardrobe malfunctions to the game struggling to run on PS4 and Xbox One. On last gen systems, footage has emerged of the game suffering from low framerates, texture pop in, and often poor performance across the board. CD Projekt has apologized for the game’s existing state on last gen consoles and has promised to deal with it through a series of updates & patches.
Besides this particular issue, the game has faced a number of other controversies surrounding its development practices based around extensive crunch, potential to harm those suffering from epilepsy, and Cyberpunk 2077’s representation of transgender individuals. CD Projekt, once regarded as pro consumer for the work of its on The Witcher series and its maintenance of digital distribution platform GOG, has suffered considerable reputational damage and it is going to be interesting to see if it is able to regain its lost goodwill.
Cyberpunk 2077 is currently on PC, PS4, Stadia, and Xbox One, with PS5 and Xbox Series X/S versions coming in 2021.
