Dark or Light
logo
Logo

CD Projekt Respond to Second Investor Class Action Lawsuit

"Undertake vigorous action"

Poorna Shankar Posted:
Category:
News 0

CD Projekt, the company behind Cyberpunk 2077, have responded to a second class action lawsuit from their investors. Here are some details.

This second lawsuit has been filed in the United States District Court for the Central District of California. It was filed by a firm acting on behalf of the investors. CD Projekt has responded to this complaint by stating that this complaint, “does not specify the quantity of damages sought.” They also state that they will, “undertake vigorous action to defend itself against any such claims.”

If this sounds familiar, it’s because this is similar to the verbiage they used during the first class action lawsuit we reported on last year. That lawsuit alleges that the game was unplayable on last gen consoles and states,

“Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about CD Projekt, investors suffered damages.”

Recently, CD Projekt RED co-founder Marcin Iwinski issued a five minute video apologizing for the state of the game, what went wrong, and shared a sort-of-roadmap.


ShankTheTank

Poorna Shankar

A highly opinionated avid PC gamer, Poorna blindly panics with his friends in various multiplayer games, much to the detriment of his team. Constantly questioning industry practices and a passion for technological progress drive his love for the video game industry. He pulls no punches and tells it like he sees it. He runs a podcast, Gaming The Industry, with fellow writer, Joseph Bradford, discussing industry practices and their effects on consumers.