CD Projekt RED essentially settled the case against it for peanuts.
In December 2020, Cyberpunk 2077 for PlayStation 4 and Xbox One was released in a nearly unplayable state, but the PC port was also a huge pile of bugs despite three delays. As a result, both Microsoft and Sony had to provide refunds (and Sony removed the game from the PlayStation Store due to its quality), so it’s no wonder that Rosen Law Firm filed a lawsuit against them, claiming that investors should be compensated under US federal securities laws because the Poles misled investors about the game’s condition.
According to the lawsuit, CD Projekt made false or misleading statements about Cyberpunk 2077 and did little to disclose that the first-person RPG was virtually unplayable on consoles (even the half-generation updates, the Xbox One X and PlayStation 4 Pro struggled!) and that when it came to light, investors lost money. A consultant for the plaintiffs had previously estimated that the total potential damages could be as high as $11 million, but CD Projekt RED had to pay much less than that.
$1.85 million. That’s not a lot, as the top management likely gets such an amount as an annual bonus, and it’s only 16.8% of the estimated amount. That’s compensation of about 49 cents per share. The compensation amount will be used to pay members, settlement administration costs, taxes, lawyers’ fees and expenses, and incentive fees for plaintiffs. But the $1.85 million is nothing because it comes out of about 31,000 game sales, and Cyberpunk 2077 sold millions of copies in 2020.
Cyberpunk 2077’s planned standalone multiplayer game has been canceled due to the base game’s scandalous launch, and only one expansion is in the works, but that’s also leaving the PlayStation 4 and the Xbox One behind, as Phantom Liberty is coming to PlayStation 5, Xbox Series and PC.
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