CDPR Potentially Facing Class Action Lawsuit [New York Times] Update Lawsuit Filed

Deleted member 52442 · Dec 19, 2020

UPDATE 12/25: Lawsuit is LIVE

CD Projekt facing class action lawsuit over Cyberpunk 2077 release

A New York-based law firm filed the lawsuit on Thursday

www.polygon.com

The lawsuit was filed Thursday in a California court by New York-based firm Rosen Law Firm.

Lawyers are seeking an unnamed amount of damages for investors. 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. Polygon has reached out to Rosen Law Firm and CD Projekt for more information.

A class has not yet been certified, Rosen Law Firm said. Investors in Poland are also considering a class action lawsuit, the New York Times reported. Another law firm, Wolf Haldenstein Adler Freeman & Herz, is also investigating "potential securities claims."

Original Post Below

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Cyberpunk 2077 Was Supposed to Be the Biggest Video Game of the Year. What Happened? (Published 2020)

Nearly a decade of hype led to a troubled release riddled with glitches, a livid fan base, refunds for potentially millions of players and a possible class-action lawsuit.

www.nytimes.com

The immediate future looks dark for Cyberpunk's makers — perhaps even darker than the future they built in Night City. Refund requests are pouring in by the thousands. Lawyers and investors in Warsaw are circling the situation, contemplating a class-action lawsuit against the company for potential criminal "misrepresentation in order to receive financial benefits," according to a regulatory filing. Many gamers are swearing off playing Cyberpunk entirely until the company fixes all of the problems.

(Google Translated)

In connection with the recent events - and in particular the suspension of the sale of the CYBERPUNK 2077 product, we are currently analyzing, together with the law firm's team, the grounds for bringing a class action together with the notification of the possibility of committing a crime under Art. 286 of the Penal Code. - misrepresentation in order to obtain financial benefits.

Stooge · Dec 19, 2020

I mean, investors are likely to want blood here. You can't make material statements publicly that are untrue as investors will make decisions based on those statements. They've shed nearly half their value in ~2 weeks.

The bait and switch on PC review copies would not only have induced consumers to purchase product through intentionally misleading means, but also investors to feel the company was likely to have a financial windfall with the title.

Chaystic · Dec 19, 2020

I saw this coming.

Kyuuji · Dec 19, 2020

Good. Further into the gutter this trash company goes the better.

shadowsdarknes · Dec 19, 2020

It makes sense.

They seemingly intentionally mislead investors and the public about their product.

JCADX · Dec 19, 2020

This is getting serious.

Necromanti · Dec 19, 2020

Kyuuji said:
Good. Further into the gutter this trash company goes the better.

Maybe not for the right reasons, but I'll take what I can get.

Blayde · Dec 19, 2020

Good. Make an example of them. Lots of games come out buggy and broken but CDPR clearly and deliberately tried to hide it.

Opposable · Dec 19, 2020

Is this proof that it's impossible to be a successful studio if you ever want to expand enough to get investors

Seems as soon as you 'sell out' you no longer are responsible for good decisions

Kasai · Dec 19, 2020

Yeah, the investors are going to want blood.

They came out not even 2 weeks before and told them it was all good.

It was not all good.

Deleted member 42055 · Dec 19, 2020

Kyuuji said:
Good. Further into the gutter this trash company goes the better.

^^^^ the comeuppance is lovely to watch.

And yes I feel sorry for the devs that are being let down by horrible top management, lets not derail and have that conversation please. CDPR brass needs to be held accountable.

Dust · Dec 19, 2020

US Shareholders/Investors might consider one too.

CD PROJEKT SA CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating a potential securities class action lawsuit against CD Projekt SA

NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces an investigation of potential securities claims on behalf of shareholders of CD Projekt S.A. (OTC: OTGLY, OTGLF) (the “Company”) resulting from allegations that CD Projekt may have issued materially...

finance.yahoo.com

Lant_War · Dec 19, 2020

This has to be one of the worst launches of a game I've ever seen.

Tahnit · Dec 19, 2020

If we are talking the previous generation consoles for sure. But on current gen and PC the game runs fine just glitchy. Most open world games are glitchy at release and get fixed.

however they should have cancelled the previous generation versions of the game. its clear as day there is too much going on in the game for previous generation consoles to handle. And yes they did misrepresent that.

LewieP · Dec 19, 2020

Based on the questions from that investor Q&A, they have some very well informed investors. Going to be interesting to see how this plays out.

entremet · Dec 19, 2020

Wow lol.

I'm just loving that this will be a warning sign for the likes of Ubisoft, EA, and the like not try to this stuff ever.

It seems consumers are finally gonna get a win after many years of these shenanigans.

Stooge · Dec 19, 2020

Opposable said:
Is this proof that it's impossible to be a successful studio if you ever want to expand enough to get investors

Seems as soon as you 'sell out' you no longer are responsible for good decisions

How does this show that? Its very possible to be a publicly traded company making games. The game is bad because its a shoddy product, not because they "sold out". Whether you have investors or not companies (all companies) need to generate revenue to stay in business. I am assuming that this game released in the state it is because of cashflow considerations and both not wanting to and needing to not miss the holidays.

CaptNink · Dec 19, 2020

Good - no mercy.

HiLife · Dec 19, 2020

*sips tea*

Okabe · Dec 19, 2020

Standing on the edge of the crater

Kaversmed · Dec 19, 2020

Oh boy... they deserve it, though. I also hope other publishers and developers are taking notes. I bought the game but still haven't unwrapped it, but at this point I no longer have the desire to actually play it. Might as well return it I guess.

TheMadTitan · Dec 19, 2020

Blayde said:
Good. Make an example of them. Lots of games come out buggy and broken but CDPR clearly and deliberately tried to hide it.

entremet said:
Wow lol.

I'm just loving that this will be a warning sign for the likes of Ubisoft, EA, and the like not try to this stuff ever.

It seems consumers are finally gonna get a win after many years of these shenanigans.

This is what I want most out of this.

I want this to be a warning to the rest of the industry that they need to slow down and finish their shit.

electristan · Dec 19, 2020

This is why I download my games from GOG to my own server.

Feel there will be major fallout from this, and CDPR has lost a lot of good will.

sibarraz · Dec 19, 2020

Play stupid games, win stupid prizes

~Millet~ · Dec 19, 2020

Expected. Tbh.

Tahnit · Dec 19, 2020

entremet said:
Wow lol.

I'm just loving that this will be a warning sign for the likes of Ubisoft, EA, and the like not try to this stuff ever.

It seems consumers are finally gonna get a win after many years of these shenanigans.

There is a difference between a buggy/glitchy game that is still playable and a game that is literally unplayable. Cyberpunk on previous generation consoles is literally unplayable. Extreme framerate drops, textures and models not loading in. World not loading in. fps in combat not playable ect. All of this is what they misrepresented.

Hallucinations · Dec 19, 2020

Boycott.

Trey · Dec 19, 2020

Can't believe they pushed those current gen versions out the door lmao.

Never seen a self own so thorough.

BadWolf · Dec 19, 2020

It's like that time EA went too far with Star Wars lootboxes.

Fuck up so bad that you become an example for the rest.

Releasing messy games that get fixed after launch (if at all) should not be a thing.

Strat · Dec 19, 2020

Tahnit said:
If we are talking the previous generation consoles for sure. But on current gen and PC the game runs fine just glitchy. Most open world games are glitchy at release and get fixed.

however they should have cancelled the previous generation versions of the game. its clear as day there is too much going on in the game for previous generation consoles to handle. And yes they did misrepresent that.

Absolutely. They needed to axe or indefinitely delay the last-gen versions. Those established player bases were probably far too important to their bottom line.

Phellps · Dec 19, 2020

It's what she deserves.

BBboy20 · Dec 19, 2020

All hope abandon ye who enter here.

Nooblet · Dec 19, 2020

Stooge said:
I mean, investors are likely to want blood here. You can't make material statements publicly that are untrue as investors will make decisions based on those statements. They've shed nearly half their value in ~2 weeks.

The bait and switch on PC review copies would not only have induced consumers to purchase product through intentionally misleading means, but also investors to feel the company was likely to have a financial windfall with the title.

They also flat out lied to investor in a meeting earlier this week where they told the investors that the devs were under no pressure or obligation to release this month.

colorblindmode · Dec 19, 2020

Lol.

"How to destroy a company in 10 days"

Igniz12 · Dec 19, 2020

After the W3 they thought they'd all get gold watches and be minted up like the big boys but turns out they were still running on amateur hour.

Never seen such a clownshoes operation in a long time. From trying to court the chud base to practically lying through their teeth since even before day one, they deserve everything that is coming to them.

Veelk · Dec 19, 2020

lmao get rekt

Thorn · Dec 19, 2020

I fear this will simply be pushed onto the developers in some way while management skirts any responsibility.

The only way this shitstorm has a happy ending is if heads roll up top. Not the devs.

Deleted member 12867 · Dec 19, 2020

Maybe this will finally get publishers on board to let their dev teams have enough time to finish the games

Temascos · Dec 19, 2020

Man, what an unneeded disaster. CDPR were given warnings by the dev team that they needed more time, and they knew they were covering up how buggy certain versions of the game were. If they had slowed down, delayed the game to say April 2021, very likely they would have had a largely bug-free launch and a positively received game. There would have been some disappointment based on the actual content of the game (Like with any other release) but I doubt it would be getting the backlash this has gotten.

This is entirely on the management team, and hopefully it serves as a warning for other companies about what not to do when making and releasing a major title.

PandemicOdin · Dec 19, 2020

It is absolutely astonishing that CDPR thought it was a good idea to ship the game in the state they did for no other reason than this... Lawsuits coming in are not surprising at all since the stock has lost nearly $200.00 from it's 52 week high all because they lied to their player base, investors, everyone really.

I wonder what the reception would be if they said it only kind of works on the PS4/XB1 so you can buy it but we don't know if you'll get proper enjoyment out of it. I'm playing it on the PS5 and it's been relatively good for me at least. Just a bizarre situation w/unforced errors all around. It doesn't make any sense

DaleCooper · Dec 19, 2020

CD Projekt Reset

Will be interesting to see how they will redeem themselves. Gotta do a No Man's Sky turnaround to the nth degree.

RedHeat · Dec 19, 2020

Is this the biggest blunder of the generation? Ignoring the Don Matrick Xbox One era, of course.

Jeffolation · Dec 19, 2020

Fuck this company. Burn.

Aeroucn · Dec 19, 2020

Who would have thought that the biggest game of the year would end up like this holy shit. Was it really impossible to delay the base console versions for a couple of months and release only on PC,PS5,XS S/X ?

Baked Pigeon · Dec 19, 2020

Edited because I'm tired of being quoted over a question I had that was already answered.

Zachary_Games · Dec 19, 2020

Defrauding shareholders results in jail time. Executive management is probably sweating bullets now. The CEO would be wise not to stir up anything further on Twitter.

Tochtli79 · Dec 19, 2020

Love to see it

Yossarian · Dec 19, 2020

JCADX said:
This is getting serious.

Are you thinking 'bout you or us?

Don't say what you're about to say.

MinusTydus · Dec 19, 2020

Veelk said:
lmao get rekt

CD Projrekt Red

Nooblet · Dec 19, 2020

Necromanti said:
Maybe not for the right reasons, but I'll take what I can get.

Not the right reasons but I believe it's for the same problem i.e. the pathetic management and marketing of this game which doubled down on these things without a shred of ethical and moral integrity. They deserve all the shit they are getting for their arrogance, their incompetence as well as their lack of empathy which has hurt people, the devs, as well as the game itself.

CDPR Potentially Facing Class Action Lawsuit [New York Times] Update Lawsuit Filed

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