CD Project Red, the developer of the recently published Cyberpunk 2077, has been hit by a class action lawsuit filed on behalf of investors.
The launch of CD Project Reds’ Cyberpunk 2077 was bizarre by a number of issues, most of which related to the impact of video games on last-gen consoles such as the PlayStation 4 and Xbox One. On top of the widespread response from consumers, developers are now also facing legal issues.
The New York-based firm has filed a lawsuit against Rosen Law Firm on behalf of investors alleging violations of federal securities laws. Prosecutors say CD Project Red makes false claims about the recently released video game. In particular, the developers failed to make customers aware that Cyberpunk 2077 is not “virtually playable” on the last-gen console. One class is not yet certified.
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The lawsuit alleges a conference call, one of which took place in January. In it, CD Project Red President and Joint CEO Adam Kikiski gave investors full assurances that there were no final-version issues. Cyberpunk 2077, Instead claiming that only optimization is required. The amount needed to pay CJ Project Red for damages has not yet come out.
In addition to class action, CD Project Red currently airs on Cyberpunk 2077 in the U.S. And Poland is facing a number of potential lawsuits from both sides. The developer has released a number of statements, apologized for the video game and promised last-gen console users that future patches would help improve the experience. A patch has since been released but clearly failed to address some of the central issues of the game.
Many customers may request a refund from retailers because of these issues. Game Stop and the PlayStation Store have since moved on to completely eliminate the game. CD Project Red has previously suggested that its goal is to turn to issues and get the game back on the PlayStation Store. Despite the current situation, the Polish developer reports that Cyberpunk 2077 has sold more than 13 million copies worldwide, not including refunded games.
Kikiski had previously admitted that the developer ignored the PlayStation 4 and Xbox One, saying, “After the 3rd delay, we as the management board focused too much on releasing the game … We underestimated the magnitude and complexity of the issues, we ignored Indications of the need for additional time to improve the game on the last last-gen console. It was the wrong approach and contrary to our business philosophy. On top of this, during the campaign, we mostly showed the game on PC. “
CD project developed by Red, Cyberpunk 2077 Now Xbox One, PlayStation 5, Xbox Series X | Available on S, Google Stadia and PC.
Source: Polygon
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