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Wednesday, January 27, 2021

Cyberpunk maker vows defense against class action suit claims

CD Projekt failed to disclose that Cyberpunk 2077 was “virtually unplayable on the current-generation Xbox or Playstation systems due to an enormous number of bugs,” according to the complaint

By: Bloomberg | December 27, 2020 9:13:09 am
CyberPunk 2077 Hotfix, CyberPunk 2077 news, CyberPunk 2077 Hotfix update, CyberPunk 2077 Xbox, CyberPunk 2077 PlayStation, CyberPunk bugs,The much-awaited launch of CyberPunk 2077 was botched by numerous glitches that thousands of gamers have reported since the title’s December 10 launch(image source: Bloomberg)

CD Projekt SA, the Polish video-game publisher of Cyberpunk 2077, said it will defend itself vigorously after an investor sued the company for allegedly misleading holders of its depository receipts and incurring losses.

The investor filed the suit in federal court in Los Angeles, claiming he was misled by the maker of the error-plagued game, which caused shares to dive after its release earlier this month. Sony Corp. removed Cyberpunk 2077 from the Playstation store, and Sony, Microsoft Corp. and the company were forced to offer full refunds for the game.

“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.e. by misleading investors and consequently causing them to incur losses,” the company said in a filing late on Friday, vowing to defend itself “vigorously against any such claims.”

The quantity of the damages has not been specified in the complaint, it said. The company’s American Depositary Receipts fell 25% in the three days after Cyberpunk 2077 was released on December 10. They fell another 16% after Sony removed the game from its Playstation store on December 18.

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