Game developer CD Projekt RED has recently stated that it will defend itself from the class action lawsuit that was filed by an investor in relation to the controversial Cyberpunk 2077 launch.
According to a tweet from the official account of media outlet Bloomberg, the game studio plans to defend itself “vigorously” against the lawsuit. The investor has alleged the studio that they have mislead the holders of its depository receipts and have incurred heavy losses. This was filed in a Los Angeles court, which also made the stocks of the developers take another hit.
This class action lawsuit wants the court to determine if the developers have intentionally hidden the issues that the game had so that they could defraud investors. This would lead those people to incur losses. There were not damages specified, so it will be up to the court if they decide to side with the investors and against CPDR.
In the filing, it was revealed that the stock shares fell 25 percent in just three days after launch. It then fell 16 percent more after Sony Interactive Entertainment removed the game from its online retail store.
Cyberpunk 2077 is now available on PC, Xbox One, and Stadia. PlayStation 4 digital versions of the game are not available anymore on the PlayStation Store. Xbox Series X/S and PS5 versions are coming next year.
Thanks GameRant!
