Cyberpunk 2077 has been out for little more than two weeks now, and since then it’s been a constant battle for CD Projekt Red to keep the fans happy with their new IP. To say it hasn’t been easy is an understatement, as the company’s dealt with several issues, some of which they were able to mitigate, and some that are still persisting. Unfortunately, the company has brand new obstacle to overcome, the investors of CD Projekt themselves. On behalf of these investors, A New York law agency by the name of Rosen Law Firm has announced that they have officially filed a class-action lawsuit against CD Projekt which ” seeks to recover damages for CD Projekt investors under the federal securities laws.”
As you can see in the tweet above, Rosen Law is just one of four who are intending to file a suit, albeit the former has already filed their part. This was hinted at few days ago by The New York Times, as lawyers from numerous organizations were already in talks with clients on how to approach this should they move forward. In a press release, it says that CD Projekt made “false and/or misleading statements” in regards to the state of the PlayStation 4 and Xbox One versions of Cyberpunk 2077. This of course led to the game being delisted from the PSN Store along with providing refunds. Microsoft would not remove the game from their respective store but did allow refunds just like Sony.
The release also states that the aforementioned versions were “materially false” and “misleading.” It goes onto mention that when the real issues of the PlayStation 4 and Xbox One versions became apparent, the investors “suffered damages.” This is referring to when CD Projekt’s stock market price plummeted just one day after release when players were outraged by the poor compatibility of the home console iterations. The law firm is seeking an undisclosed amount in damages for the affected investors. According to the suit, this applies to the investors that purchased stock between the time frame of Jan. 16 to Dec. 17, 2020.
It’s important to note that while this was an official file of a class action suit, it has yet to be officially declared one. Lawyers from Rosen Law Firm are requesting other investors who have been affected by this to join in the class action suit, something that the other three firms are currently looking into as well. If this continues to hold up, and gathers more and more investors, then the class action lawsuit will become valid, and then CD Projekt will be facing a whole different kind of problem, a very real legal one.