January 16, 2021

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Cyberpunk 2077 Maker CD Projekt Investor sued for failed launch

A lawsuit was filed against CD Projekt SA, the Polish video game publisher Cyberpunk 2077, by an investor who claimed the company had misled him about the possibility of a bug-ridden game whose botched release this month caused stocks to plummet.

Andrew Trump filed a lawsuit Thursday in federal court in Los Angeles and is seeking to represent other investors who have bought the company’s securities.

CD project Failed to detect it Cyberpunk 2077 It was “virtually unplayable on the current generation.” X-Box or Play Station Due to an enormous number of errors, ”according to the complaint. as a result, Sony. Removed Cyberpunk 2077 from the Play Station , And Sony, Microsoft. The company was forced to provide full refunds for the game, according to the complaint.

The company’s US depositary receipts fell 25 percent in the three days following the release of Cyberpunk 2077 on December 10. It fell another 16 percent after Sony removed the game from the PlayStation Store on December 18th.

CD Projekt representatives did not respond to an email request for comment, sent after normal business hours.

Last week, the studio said it had sold 13 million copies of its troubled game Cyberpunk 2077 by Dec.20, a number that affected the number of redemptions the company had received.

The sales update expected from the studio does not include information on the volume of refunds per se, it only provides the net sales figure. Cyberpunk was so plagued with glitches that Sony withdrew the title from its PlayStation Store while Microsoft offered full refunds for X-Box Users.

“This figure represents the estimated volume of retail sales across all device platforms (taking into account returns from retail customers at physical storefronts as well as digital storefronts), that is, the“ sell-by ”number, minus all refund requests. CD Projekt in organizational file on Tuesday.

The sales figure comes to about half of its 12-month sales forecast in a Bloomberg survey of nine analysts, which was taken before Sony removed the game from its store. The game had over 8 million pre-orders before its December 10 debut, sparking online outrage from frustrated players over its poor performance and CD Projekt’s stock price drop.

© 2020 Bloomberg LP


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