The clouds over CD Projekt continue to gather. New York-based law firm Wolf Haldenstein Adler Freeman & Herz has announced that it has filed a class-action lawsuit against the creators of Cyberpunk 2077 over the disputed state of the finished game.
All the owners of American shares of CD Projekt, who bought them from January 16 to December 17, 2020, inclusive, are declared as plaintiffs in the new lawsuit. They are encouraged to contact lawyers immediately to join the process.
The new lawsuit is the fourth, filed against CD Projekt due to the deplorable technical state of some versions of Cyberpunk 2077. Previously, similar class actions have already been filed by Schall Law, Rosen Law, and Bragar Eagel & Squire.
According to the filed complaint, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- Cyberpunk 2077 was virtually unplayable on the current-generation Xbox or Playstation systems due to an enormous number of bugs;
- 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;
- Consequently, CD Projekt would suffer reputational and pecuniary harm; and
- As a result, the defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
After a not very successful premiere, CD Projekt shares continue to fall. They have already lost a third of their pre-release value and are currently priced at $ 65, while the maximum rate reached $ 130.