CD Projekt Settles Lawsuit That Alleged It Misled Investors Over Cyberpunk 2077's Launch
CD Projekt has finally settled the class action lawsuit that alleged it misled investors over the launch state of Cyberpunk 2077.
Revealed in a regulatory announcement, CD Projekt confirmed it had received the final approval of the class action settlement, which ends the legal proceedings related to the lawsuit.
The $1.85 million settlement agreement was revealed in December 2021, but the case has been ongoing for longer. Rosen Law Firm first filed the lawsuit on December 24, 2020 as it sought to recover damages for CD Projekt investors under the federal securities law. Settling the suit, as CD Projekt has now done, means no wrongdoing was admitted.
While Cyberpunk 2077 has returned to form and regained the good graces of fans as of 2023, it launched on December 10, 2020 in a sorry state. The PlayStation 4 and Xbox One versions of the game, which of course arrived before the PlayStation 5 and Xbox Series X and S launched, were full of performance issues and glitches. While the PC version earned a 9/10 from IGN, Cyberpunk 2077 on consoles received just a 4/10 in our review. Sony even removed it from the PlayStation Store altogether.
The lawsuit therefore alleged CD Projekt "made false and/or misleading statements and/or failed to disclose that Cyberpunk 2077 was virtually unplayable on the current-generation Xbox or Playstation systems due to an enormous number of bugs," among other similar claims.
Developer CD Projekt Red has spent close-to-three years turning Cyberpunk 2077 around, with the release of the Phantom Liberty expansion and game-changing Update 2.0 the exclamation point at the end of its redemption story. An Ultimate Edition with every update and bit of DLC is launching in December 2023.
Phantom Liberty arrived
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