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Class action suit filed for CD Projekt investors over Cyberpunk 2077

Class action suit filed for CD Projekt investors over Cyberpunk 2077

A New York-based law firm has filed a class action lawsuit on behalf of investors in CD Projekt SA. The lawsuit by Rosen Law Firm is for damages to those who purchased securities in CD Projekt between January 16, 2020 and December 17, 2020, based on statements made by those associated with Cyberpunk 2077’s development. 

Primarily, the suit alleges that false or misleading statements were made about Cyberpunk 2077 being playable on the current-generation Xbox and PlayStation systems. The removal of Cyberpunk 2077 from the PlayStation store, and the offer of refunds by Sony, Microsoft, and CD Projekt itself are widely cited in business circles as the reason for a plunge in CD Projekt’s stock price despite its high sales numbers. In the weeks prior to Cyberpunk 2077’s release, CD Projekt’s CEO said that the game ran “surprisingly well” on the PS4 and Xbox One.

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