CD Projekt is now being sued by five law firms over Cyberpunk 2077

A fifth U.S.-based law firm has filed a class-action securities lawsuit against Cyberpunk 2077 developer CD Projekt Group.

@DeekeTweak
Published Mon, Jan 11 2021 1:26 PM CST   |   Updated Tue, Feb 9 2021 8:34 AM CST

Today Pennsylvania-based law firm RM Law announced it has filed a class-action suit against CD Projekt S.A. for allegedly misleading investors and consumers over Cyberpunk 2077's performance.

CD Projekt is now being sued by five law firms over Cyberpunk 2077 234 | TweakTown.com

Investor rights attorney office RM Law joins four other law firms in suing CD Projekt Group for possible securities fraud. The suit alleges that the company purposefully misled or failed to disclose key information surrounding Cyberpunk 2077's dismal PS4 and Xbox One ports. The game's low-end performance led to controversy, triggering mass refunds and removal from the PlayStation Store as well as a substantial drop in CD Projekt S.A. share value. Shortly after, CD Projekt executives took a conference call where they admitted to neglecting and hiding Cyberpunk 2077's last-gen gameplay from the public and investors.

CD Projekt is now being sued by five U.S. law firms:

  1. RM Law
  2. Schall Law
  3. Rosen Law
  4. Bragar Eagel & Squire
  5. Wolf Haldenstein Adler Freeman & Herz

We've also discovered that another firm, Faruqi & Faruqi, LLP, is currently investigating the company for securities fraud.

Here's an excerpt from RM Law's press release:

The complaint alleges that throughout the Class Period, defendants 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.

Buy at Amazon

Cyberpunk 2077 - PlayStation 4

TodayYesterday7 days ago30 days ago
$42.95$21.55$17.39
* Prices last scanned on 4/15/2021 at 3:11 pm CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:prnewswire.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.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles