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The New York law firm “Rosen Law Firm” filed the first class action lawsuit in a California court on Thursday for alleged violations of US securities law (source: Polygon). The lawsuit was filed on behalf of investors who purchased CD Projekt securities between January 16 and December 17, 2020. CD Projekt Red as developer of Cyberpunk 2077 (since 58.48€ to 
buy) belongs to the Polish group of companies CD Projekt.
Basically, the lawyers write that CD Projekt made “false and / or misleading” statements about Cyberpunk 2077 and that the company did not reveal enough information, after all, according to the complaint, the RPG was “flawed” and “practically impossible to play “on PlayStation 4 and Xbox. One. The plaintiffs refer to a statement from January 2020, in which company management announced that the game was “complete and playable”, as well as a statement from Adam Kicinski (Co-CEO), who informed investors in September 2020 after a launch date. -Shift had stated that there would be “no problems” with the console versions, just a need for optimization.
The lawyers said in a press release that the statements about the PS4 and Xbox One versions of the game were “materially false” and “misleading.” When the full extent of the problems was discovered, “investors suffered financial damage,” according to the lawsuit. There is also talk of an “artificially inflated” market price, as well as falling shares in the wake of launch issues, refunds, and removal of the game from the PlayStation Store. Lawyers demand compensation for investors. No amount was given. At the same time, the law firm, which specializes in “global investor rights,” is asking other investors to join the lawsuit. The class action lawsuit has not yet been certified, said the Rosen Law Firm.
Investors in Poland are also considering a class action lawsuit, the New York Times reported. Another law firm, Wolf Haldenstein Adler Freeman & Herz, also handles “potential claims from security owners.” In recent days, CD Projekt had repeatedly tried to reassure investors and reported that the game had been sold over 13 million times despite the chaotic launch (we reported).
