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Investors may attempt to sue CD Projekt Red over ‘misleading statements’ prior to Cyberpunk 2077 launch

Cyberpunk 2077 has been the centre of controversy this month. A buggy launch has led to the game being revoked from the PlayStation Store, and expanded refund policies across both PlayStation and Xbox for digital purchases. CD Projekt Red’s share price has been tanking ever since, leading to disgruntled investors, who may now sue the studio.

As reported by The New York Times, lawyers and investors are “circling the situation, contemplating a class-action lawsuit” against CD Projekt Red. The lawsuit would accuse the studio’s leadership of misrepresenting the situation and misleading investors up to the game’s launch. One of the law firms currently looking into the situation is Wolf Haldenstein Adler Freeman & Herz LLP, which has already issued a press release stating that it is “investigating a potential securities class action lawsuit” and calls for affected investors to get in touch.

CD Projekt Red is also having a tough time internally. Last week, a hands-on meeting between staff and management had developers questioning leadership over its statements. As reported by Bloomberg, one of the questions was “Why did the company say the game was complete in January when that wasn’t true?”

Developers inside the studio also feel that the deadlines set for the game were always unrealistic, despite the three delays throughout 2020. At this point, Cyberpunk 2077 is undergoing much needed patch work to tackle bugs and crashing/stability issues. A major patch is scheduled for January 2021 and another in February 2021. After that, the game should be reinstated on the PlayStation Store and CD Projekt Red can begin discussing post-launch content, including free DLCs and expansions.

KitGuru Says: Have many of you picked up Cyberpunk 2077 since launch? How you encountered issues on console or PC? 

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