Similar complaint, same answer.
- CD Project Red responds to another investor class lawsuit
- The company also undertakes to take decisive action against this lawsuit
- This lawsuit is also about misleading investors over the state of Cyberpunk 2077
Cyberpunk developer CD Projekt Red should address the following lawsuit by investors and also refer the allegations here.
The developer has been informed of the new lawsuit by his lawyers. This also relates to the game Cyberpunk 2077 and accuses the company that they have deceived investors about the quality of the title. The application was filed in the United States District Court for the Central District of California (tank, VGC).
According to prosecutors, CDPR has violated the applicable law because the developer misled investors about the state of the game and caused them financial damage as a result. How high this damage is actually estimated and how high the required compensation is is not mentioned at all.
As in the December 2020 lawsuit, CD Project Red wants to defend itself against the accusations. “The company will take vigorous steps to defend itself against such claims,” the developer said.
Since the subject matter and scope of the trial are almost identical, it is no wonder that CDPR responded with the same content with which they sought to defend their views on the unfortunate situation of the game’s release in the first trial. for investors.
The fact is that shortly before the release hardly anyone expected such serious performance issues. This catastrophic start-up affects investors especially where it hurts the most – in their portfolios.
It is not clear at this time whether CD Projekt Red will bring the truth to light with its denial strategy or whether investors are right with their accusations. There is probably some truth in both statements. The developer was certainly not entirely innocent in this matter.
Even CDPR director Marcin Iwinski recently admitted that the launch of the action RPG was problematic and could not meet the quality standards that the company focused on.