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CD Projekt SA, the Polish video game publisher for Cyberpunk 2077, said it will vigorously defend itself after an investor sued the company for allegedly misleading its depository receipt holders and incurring losses.
The investor filed the lawsuit in Los Angeles federal court, claiming he was duped by the creator of the bug-ridden game, which caused the stock to plunge after its launch earlier this month. Sony Corp. removed Cyberpunk 2077 from the Playstation store, and Sony, Microsoft Corp., and the company were forced to offer full refunds for the game.
“The plaintiffs are asking the court to judge whether the actions taken by the company and members of its board of directors in connection with the launch of Cyberpunk 2077 constituted a violation of federal law, that is, by misleading investors and consequently , cause them losses. ” the company said in a presentation Friday night, promising to defend itself “vigorously against such claims.”
The amount of the damages was not specified in the complaint, he said. The company’s US deposit receipts fell 25% in the three days after Cyberpunk 2077 launched on December 10. They fell another 16% after Sony removed the game from its Playstation store on December 18.
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