Class Action Lawsuit filed by Cyberpunk 2077 Investor on CD Projekt Red

cyberpunk 2077 has been at the forefront of industry scrutiny since its controversial release at the start of December

CD Projekt Red is having a catastrophic month, and Cyberpunk 2077 has been at the forefront of industry scrutiny since its controversial release at the start of December. Even though the game's sales have already exceeded its costs, investors have taken heavy monetary losses. One such investor - Rosen Law Firm in New York - filed a class action lawsuit right before Christmas in order to recover damages made by misleading statements.

According to the lawsuit, CD Projekt Red "failed to disclose (1) Cyberpunk 2077 was virtually unplayable on the [last-] generation Xbox or PlayStation systems due to an enormous number of bugs; (2) as a result, Sony would remove Cyberpunk 2077 from the PlayStation store, and Sony, Microsoft and CD Projekt would be forced to offer full refunds for the game; (3) consequently, CD Projekt would suffer reputational and pecuniary harm; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages."

In response to Rosen Law Firm's lawsuit, CD Projekt Red issued their own regulatory announcement, stating that it would "undertake rigorous action to defend itself against any such claims." Bloomberg reported that the founders cost of the myriad issues surrounding Cyberpunk 2077's release totaled $1 billion which also negatively affected CD Projekt Red's stock.