{"id":122782,"date":"2021-01-04T23:23:00","date_gmt":"2021-01-04T23:23:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/375827"},"modified":"2021-01-04T23:23:00","modified_gmt":"2021-01-04T23:23:00","slug":"cd-projekt-gearing-up-for-vigorous-action-against-investor-lawsuit","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2021\/01\/04\/cd-projekt-gearing-up-for-vigorous-action-against-investor-lawsuit\/","title":{"rendered":"CD Projekt gearing up for &#8216;vigorous action&#8217; against investor lawsuit"},"content":{"rendered":"<p>CD Projekt, the parent company of CD Projekt Red which developed <em>Cyberpunk 2077<\/em>, has told investors it will mount a &#8220;vigorous defense&#8221; against a class action lawsuit filed over the game&#8217;s release.<\/p>\n<p>In December the calamitous conditions around <em>Cyberpunk 2077&#8217;s <\/em>release took a dire turn when Sony agreed to provide players refunds for the game on PlayStation only after <a href=\"https:\/\/www.gamasutra.com\/view\/news\/375389\/Sony_removes_Cyberpunk_2077_from_PlayStation_Store_promises_refunds.php\">yanking it from the console&#8217;s digital store<\/a>. (Microsoft and other platform owners would expand their refund policies as well, but did not remove the game from sale.)<\/p>\n<p>In the aftermath, a group of investors led by Rosen Law Firm <a href=\"https:\/\/www.businesswire.com\/news\/home\/20201224005214\/en\/EQUITY-ALERT-Rosen-Law-Firm-Files-Securities-Class-Action-Lawsuit-Against-CD-Projekt-S.A\">filed a class action lawsuit <\/a>against CD Projekt, alleging that the company made false or misleading statements and failed to disclose that the game was &#8220;virtually unplayable&#8221; on then-current-generation consoles.<\/p>\n<p>Over the holidays <a href=\"https:\/\/www.cdprojekt.com\/en\/investors\/regulatory-announcements\/current-report-no-68-2020\/\">CD Projekt told investors<\/a> that it had been made aware of the lawsuit and that it &#8220;will undertake vigorous action to defend itself&#8221; from its claims. It also noted that the Rosen Law Firm did not specify a specific quantity of damages to be claimed in the suit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CD Projekt, the parent company of CD Projekt Red which developed Cyberpunk 2077, has told investors it will mount a &#8220;vigorous defense&#8221; against a class action lawsuit filed over the game&#8217;s release. In December the calamitous conditions around Cyberpunk 2077&#8217;s release took a dire turn when Sony agreed to provide players refunds for the game [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":122783,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-122782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/122782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=122782"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/122782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/122783"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=122782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=122782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=122782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}