IN A NUTSHELL:
- Two U.S. law firms file class action suits against CD Projekt;
- Earlier there was information that a similar possibility is also being considered by Polish OWL Legal;
- The lawsuits are related to concealing the truth about the condition of the console versions of Cyberpunk 2077;
- CD Projekt has announced that it will defend itself against all such claims.
Two U.S. law firms, The Schall Law Firm from Los Angeles and Rosen Law Firm from New York, reported in press releases that they are filing class actions against the Polish company CD Projekt (via Wccftech). This is related to accusations of concealing information about Cyberpunk 2077's problems on last-gen consoles (PlayStation 4 and Xbox One).
"According to the Complaint, the Company made false and misleading statements to the market. CD Projekt’s hotly-anticipated video game “Cyberpunk 2077” was essentially unplayable on current-generation Xbox and PlayStation consoles due to an overwhelming number of bugs and other problems. Sony, Microsoft, and the Company were forced to offer refunds to customers who bought “Cyberpunk 2077,” resulting in Sony removing the game from its PlayStation Store. The Company’s reputation was harmed significantly by the botched launch of “Cyberpunk 2077.” Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about CD Projekt, investors suffered damages," we read in The Schall's message.
"According to the lawsuit, defendants throughout the Class Period 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," states The Rosen Law Firm.
In a communiqué quoted by Polish website Bankier.pl, CD Projekt announced that it would "actively defend itself against any such claims". It is worth noting that most probably they are not the only entities planning similar steps towards the Polish studio. On December 18, a post appeared on the forum of the aforementioned wesbite, published by a lawyer from Polish company OLW Legal and, at the same time, an investor who is also considering filing a class action.
It should be noted that similar situations do not always end in high-profile lawsuits - for example, in January last year, The Schall Law Firm and Rosen Law Firm, mentioned above, filed a lawsuit against Activision Blizzard shortly after the company ended its cooperation with Bungie, the creators of the Destiny series. To this day, we do not know if there was any kind of progress in that case - it is possible that some kind of settlement was reached and the lawsuits were withdrawn. It is hard to say if the same will happen with CD Project. Bes twe can do is to keep a close eye on the developments.
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