Following on from Cyberpunk 2077’s rough 2020 launch and subsequent reports of troubled development and mismanagement within the studio, CD Projekt Red found itself on the wrong end of a lawsuit. A group of shareholders were unhappy with the situation and opted to sue the company, citing misleading statements. Soon, it looks like these legal troubles could come to an end though.
In a regulatory update published this week, CD Projekt confirmed that a judge has “suspended proceedings” on the lawsuit as settlement negotiations have begun. If CD Projekt can reach an agreement with the investors, then it will be filed with the Court, at which point a judge will have to give approval.
As is always the case with settlements, there is an important legal note here, which states that entering settlement negotiations “should in no way be construed” as acceptance of guilt for allegations.
Talks of a lawsuit from investors first began in late 2020, immediately following Cyberpunk 2077’s launch. Once Cyberpunk 2077 was booted from the PlayStation Store, things picked up steam and a case was formally filed. Over the past year, CD Projekt Red has continued to patch Cyberpunk 2077 and plans to launch the PS5 and Xbox Series X console versions in early 2022, followed by more DLC and the game’s first major expansion.
KitGuru Says: This case was likely always going to be settled, rather than going to trial. After all, trials are a lengthy, risky and expensive process, one that neither CD Projekt nor these investors likely want to be involved in.