CD PROJEKT Officially Facing Class Action Lawsuit Over Cyberpunk 2077

Image: CD PROJEKT RED

It appears that CD PROJEKT’s legal troubles have officially begun. New York-based Rosen Law Firm has filed a class action complaint in a California court on behalf of investors seeking to recover damages stemming from Cyberpunk 2077’s controversial and bug-ridden launch, alleging that the company released “materially false and misleading statements” over the course of its development to hide the game’s broken state.

The complaint echoes a lot of what’s been reported over the last few weeks, such as the assertion that CD PROJEKT knowingly released Cyberpunk 2077’s PS4 and Xbox One versions in a “virtually unplayable” condition without any real warning. It also quotes President and Joint CEO Adam Kiciński’s now-infamous conference call, in which he admitted CD PROJEKT “underestimated” how troubled the console editions were.

“Lawyers are seeking an unnamed amount of damages for investors,” Polygon wrote in its coverage. “In the news release published Thursday, Rosen Law Firm — which specializes in ‘global investor rights’ — asked investors interested in joining the litigation to contact the firm.”

Rosen Law Firm’s class action complaint follows Wolf Haldenstein Adler Freeman & Herz LLP’s announcement regarding a potential securities class action lawsuit against CD PROJEKT earlier this week, which similarly alleges “materially misleading information” that confused both shareholders and the public.

“Sony announced on Friday that it was pulling [Cyberpunk 2077] from its PlayStation Store and offering full refunds to players following a wave of complaints about the long-awaited title,” the firm’s release noted. “The Market Insider report also quoted the Company’s co-CEO stating during an analyst call that ‘[a]fter three delays, we were too focused on releasing the game,’ and ‘[w]e ignored signals about the need for additional time to refine the game on the base last-gen consoles.'”

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