It’s official, CD Projekt investors via the Rosen Law Firm have filed a class-action lawsuit in the Central California district court.
CD Projekt investor Andrew Trampe and others who invested in the game development company allege that CD Projekt had willfully misled (i.e., lied to) investors about the development of Cyberpunk 2077 and the state in which it would launch on last-gen consoles.
This “reckless disregard for the truth” that the class action lawsuit is centered around becomes particularly important because CD Projekt shares started to dive off a cliff after the Cyberpunk 2077 launch week.
The class-action lawsuit also posits that the secondary effect of CD Projekt executives lying to their investors was that the company’s share prices were artificially inflated.
To get you up to speed if you haven’t been following the Cyberpunk 2077 launch debacle, CD Projekt executives claimed that the game ran well across all platforms before launch. After this, the game development company provided pre-release copies of the game to media outlets exclusively on PC, which isn’t altogether uncommon. Where the rubber meets the road with this being a problem for CD Projekt is that Cyberpunk was a buggy mess at launch on last gen-consoles, particularly on base-models of the Xbox One and PS4.
This in turn resulted in CD Projekt offering returns on Cyberpunk 2077 as well as Sony pulling the game from the Playstation Store.
CD Projekt effectively sweeping the issues with Cyberpunk 2077 on last-gen consoles under the rug resulted in the dizzying drop after the game’s launch.
Now, it’s worth pointing out that the “class” part of this class-action lawsuit resides specifically with investors in CD Projekt. The lawsuit is specifically on behalf of investors, and the sad reality is that the actual artists and programmers who labored and went through crunch for the game launch on December 10 may not see justice.
If I may take the news writer mask off for a second and just share predictions, I don’t think this lawsuit is indicative of good things to come for CD Projekt or Cyberpunk 2077 in the future. On the consumer side of things, what CD Projekt will be able to do in terms of DLC, multiplayer, and possibly patches on older hardware should be questioned. Leadership within CD Projekt has proven itself willing to withhold information and lie in order for Cyberpunk 2077 to be one of the best-selling games of 2020.
For the CD Projekt Red employees who actually developed the game, it means more crunch to create fixes for Cyberpunk on last-gen, while also potentially working on the DLC and multiplayer features that leadership at CD Projekt promised to investors before launch and the class-action lawsuit by the same said investors.
I’m not a lawyer or an investment expert, but what I’ve gathered from following the Cyberpunk 2077 launch is that the only people who may benefit from the class action lawsuit against CD Projekt are those who held shares in the company.
If you’re someone who cares about video games and that doesn’t on some level frustrate you, I don’t know what to tell ya.