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CD Projekt Respond to Second Investor Class Action Lawsuit

"Undertake vigorous action"

Poorna Shankar Posted:
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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.