Last week, reports about CD Projekt possibly getting lawsuits from its own investors surfaced. This is due to the launch state of Cyberpunk 2077, particularly on last-generation consoles. Now, it looks like one of them has gone ahead with the lawsuit.
Manhattan-based Rosen Law Firm filed suit “on behalf of persons or entities who purchased or otherwise acquired publicly traded CD Projekt Red securities between 16 January 2020 and 17 December 2020”. Basically, it means that the lawsuit is filed on behalf of stockholders who bought the company’s stocks between those dates. The lead plaintiff is one Andrew Trampe, but the law firm is also looking for other investors to join.
The Polish video-game publisher of Cyberpunk 2077 said it will defend itself vigorously after an investor sued the company for allegedly misleading holders of its depository receipts and incurring losses https://t.co/PdpfdMkj1T
— Bloomberg Technology (@technology) December 27, 2020
A separate law firm in Los Angeles called Schall Law Firm also filed suit against the company. Both lawsuits are of similar nature, and for pretty much the same reason. And that’s alleging that CDPR management misled investors during the run-up of the release of Cyberpunk 2077, causing them to incur losses. CDPR has responded to the latter that it will “vigorously” defend itself against such claims.
That being said, in the legal realm where details are everything, the suit may have shot itself in the foot. This is because it makes a number of errors when referring to consoles, especially those by Microsoft. For one, the latter’s current-generation consoles were referred to as the Xbox X rather than the Xbox Series X. As for the last-gen machines, it’s referred to as the Xbox Series One instead of the Xbox One.
(Source: HotHardware, Bloomberg, Polygon)
