CD Projekt RED has entered settlement negotiations with several of its investors over a lawsuit filed after the disastrous launch of Cyberpunk 2077. A group of US investors filed a class-action lawsuit in late 2020 after Cyberpunk 2077 launched in a near-unplayable state on the PlayStation 4 and Xbox One. The lawsuit alleged that CD Projekt RED failed to disclose the state of its game, and made misleading statements on the quality and playability of the final product.
Last Wednesday, CD Projekt RED entered settlement negotiations with the affected parties. While this doesn’t confirm that an agreement will be reached, it does signal that investors may drop the lawsuit in favor of an out-of-court settlement.
After the launch of Cyberpunk 2077 back in December 2020, various CD Projekt RED shareholders from the US and Poland filed a total of four class-action lawsuits. The lawsuits claimed that investors had suffered damages due to CD Projekt RED’s misleading or false statements leading up to Cyberpunk 2077‘s release. Some even claimed that CD Projekt RED had violated certain federal laws.
Among the long list of bugs and visual issues, the lawsuits also highlighted how Sony removed the game from the PlayStation Store. The game did not return to the PS Store until June 2021, more than half a year after release. Furthermore, the lawsuits also noted how companies like Sony and Microsoft were forced to issue refunds to those affected. While CD Projekt RED has released various post-launch updates and bug fixes, further updates, bug fixes, and next-gen versions won’t be coming until at least early 2022.
[Source: The Verge]
