CD Projekt will 'vigorously' defend against Cyberpunk 2077 lawsuits

CD Projekt RED will fight the new Cyberpunk 2077 lawsuits tooth and nail, and plans to make a strong case against the allegations.

@DeekeTweak
Published Tue, Dec 29 2020 12:15 PM CST   |   Updated Sun, Jan 24 2021 7:19 PM CST

At least two the five investigating law firms have filed class action securities fraud suits against CD Projekt Group. Now the games developer promises it will defend itself "vigorously" in court.

CD Projekt will 'vigorously' defend against Cyberpunk 2077 lawsuits 511 | TweakTown.com

Five law firms are currently investigating CD Projekt Group for possibly misleading investors for material gain, which technically constitutes securities fraud. Two firms, Rosen Law and Schall Law, have moved forward by filing class-action lawsuits against CD Projekt. The allegations stem from CDP's miscommunication around Cyberpunk 2077's last-gen port, which kicked off widespread controversy and led to mass refunds and a significant stock drop (it's currently $19.18, down 23% since CP2077's launch).

The developer has now issued a response. CDPR confirms they received the class-action lawsuit and say they will take "vigorous action" against the lawsuits.

The plaintiffs call for the court to adjudicate whether the actions undertaken by the Company and members of its Management Board in connection with the release of Cyberpunk 2077 constituted a violation of federal laws, i.a. by misleading investors and, consequently, causing them to incur damages.

The complaint does not specify the quantity of damages sought.

The Company will undertake vigorous action to defend itself against any such claims.

The cases have yet to move forward, and CD Projekt executives have already publicly said they withheld footage and information on Cyberpunk 2077's PS4 and Xbox One performance problems.

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NEWS SOURCE:cdprojekt.com

Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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