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'Cyberpunk 2077' Developer Is Being Sued By Angry Investors

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'Cyberpunk 2077' Developer Is Being Sued By Angry Investors

Earlier this month, it was widely reported that Cyberpunk 2077 developer CD Projekt RED was facing a potential lawsuit from angry investors who felt they'd been misled about the quality of the open-world RPG ahead of its disastrous launch.

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As I'm sure most of you can remember (it was just a few short weeks ago), Cyberpunk 2077 was slammed by fans and critics after it became apparent that the game was a complete mess on PS4 and Xbox One. CDPR acknowledged the game's many problems on console just a few days after launch, promising refunds and substantial updates to the game in an effort to win back trust.

Now, it seems that the company is indeed being taken to court in the U.S over claims that the state of the game on PS4 and Xbox One were hidden from investors, which caused them to lose money. CD Projekt has responded to the news of this class action lawsuit with a brief statement, promising that it will take "vigorous action" in defending itself.

Cyberpunk 2077 / Credit: CD Projekt RED
Cyberpunk 2077 / Credit: CD Projekt RED
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The full class action suit alleges that "(1) Cyberpunk 2077 was virtually unplayable on the current-generation Xbox or PlayStation systems due to an enormous number of bugs; (2) as a result, Sony would remove Cyberpunk 2077 from the PlayStation store, and Sony, Microsoft and CD Projekt would be forced to offer full refunds for the game; (3) consequently, CD Projekt would suffer reputational and pecuniary harm; and (4) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages."

The suit is being handled by New York's Rosen Law Firm. "CD Projekt shareholders have an opportunity to recover their investment losses," the firm's class action case page states.

Cyberpunk 2077 / Credit: CD Projekt RED
Cyberpunk 2077 / Credit: CD Projekt RED
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CD Projekt's own statement on the matter confirms that "the Company will undertake vigorous action to defend itself against any such claims".

It's unclear how long this process will take, but don't expect it to be wrapped up any time soon. The court first needs to certify that the issue is eligible for class action before it can go ahead, and it's likely the game will be in a much better start by the time this case approaches its end. That's likely to have much bearing on the original suit, of course, which seems to be squarely focused on the damage that was done when Cyberpunk 2077 launched in the state it did.

Featured Image Credit: CD Projekt RED

Topics: News, Cyberpunk 2077, CD Projekt Red

Ewan Moore
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