Class Election Claim Cyberpunk 2077 Publisher Confused Investors


Category Action Law Law Kasut Cyberpunk 2077 Publisher False and Misleading Investors

Photo: Philip Fong / AFP (Getty Images)

Then Cyberpunk 2077 Entered the world and set fire to the trash can of rage and despair, the clock ticking. Many people wondered when anger would present itself in litigation Take the game’s publisher, CD Project Red, to court. It happened the day before Christmas.

On thursday Rosen Law Firm Filed Class action lawsuit In Central California District Court On behalf of investor Andrew Trump and others who bought CDPR SecuritiesFor example, stock:Between January 16 and December 17 of this year. Company, Joint CEO Adam Kikinski, CFO Pioneer Niluboviz, And Miche Navakowski, vice president of business development, has been named as one of the accused. The pay firm alleges that the company would either deliberately exclude information and lie about the development of the game or “recklessly ignore the truth”, which resulted in an increase in the market value of the securities.

All of these kinds of lies finally came to light when the game was finally launched on December 10th. Over the next few days, the players began to realize that they had been waiting for years for the game Basically not playable, And the company’s stock sank. By this week, CDPR’s stock had fallen 42% since closing on December 4. Of Baron.

Rosen Law The firm argues that CDPR’s investors eventually suffered at the end of the tragedy.

“The plaintiff and other members of the class knew the market value […] Was artificially and falsely inflated by misleading statements from the company and individual defendants […], They would not have bought the company’s securities at an artificially inflated price, or at all, “the firm wrote in it. Court filing.

The lawsuit includes a long list of statements about the game’s development and launch From the company, knowing what we know now, looks pretty bad. According to the lawsuit, the lie began on January 16, when the CDPR released a statement saying Cyberpunk 2077 “It was perfect and playable.” However, the release date will be moved from April 17 to September 7, as the company “needed more time to finish playing, fixing and polishing.”

This was the first of many delays announced by the company. Sep Sept., the lawsuit cites a conference call in which Kikinsky said the company was preparing for final certification and was “very close.” On that call, Kikinski said the company plans to launch the game on November 19 – the second delay.

“[T]The current version, which will be released in November, will be played from scratch, while the next-gen console will be released, “said Kichinski. “[Y]OU will now be able to run the current version from 1 on the next-gen. “

Again, that was wrong.

Sudden, sensitive announcements perhaps Came on the November 25 call. Per suit, wTwo weeks left until the release of the game, Kikinski said the company believes that “the game is performing well on every platform.” When Kikinski was asked about the mistakes, he admitted there were some, but they were too few to be noticed by the players.

As we all know, Kikinsky will end up being wrong again, which was burned at home on the conference call in the following days. Cyberpunk 2077Kisinsky said console versions of the game’s current pay generation were below the company’s expectations.

“After the delay, we as the management board focused more on releasing the game. We underestimate the scale and complexity of these issues, “said Kisinsky Suit. “It was the wrong approach and contrary to our business philosophy.”

T.That class action, which claims that there could be hundreds or thousands of affected parties, Not yet certified, the Rosen Law Firm said Press announcement. The firm is asking the court to approve the class proceedings and to contact those who are interested in joining.

Gizmodo has reached out to CDPR and Rosen Law Firm For comment on the case. We’ll make sure to update this post if we hear back.

After its introduction, Cyberpunk 2077 And the CDPR is awash with grace. Sony Game Stretched A full refund is being given from her store online store and anyone who has purchased it through her store. Is micro .ft Offer a refund Its own. To his credit, the CDPRA has apologized and come out saying it will happen Amount returned Unhappy players. Ironically, CDPR goes back to its old habits, promising quick fixes and improvements to its trapped product from a certain date.

“[W]And fix bugs and crashes, and improve the overall experience, ”the company said in a statement. Twitter Statement on 14 December. “The first round of updates has just been released and the next one is coming within the next 7 days. Expect more than we would expectIt is frequent whenever new updates are ready. After the holidays, we’ll continue to work – we’ll release two big patches starting with Patch # 1 in January. This will be followed by Patch # 2 in February. ”

From that statement, the company has Updates have been released. Yet, there is still time Pending the desired release of Patch # 1 and Patch # 2. We’ll see if the company keeps its word this time.

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