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CD Projekt Red is having a catastrophic month, and Cyberpunk 2077 has been at the forefront of industry scrutiny since its controversial release<\/a> at the start of December. Even though the game’s sales<\/a> have already exceeded its\u00a0costs, investors have taken heavy monetary losses. One such investor – Rosen Law Firm in New York – filed a class action lawsuit<\/a>\u00a0right\u00a0before Christmas in order to recover damages made by misleading statements.<\/p>\n According to the lawsuit, CD Projekt Red “failed to disclose\u00a0(1) Cyberpunk 2077 was virtually unplayable<\/a> on the [last-] generation Xbox or PlayStation systems due to an enormous number of bugs; (2) as a result, Sony would remove<\/a>\u00a0Cyberpunk 2077 from the PlayStation store, and Sony, Microsoft and CD Projekt would be forced to offer full refunds for the game; (3) consequently, CD Projekt would suffer reputational and pecuniary harm; and (4) as a result, defendants\u2019 statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.”<\/p>\n In response to Rosen Law Firm’s lawsuit, CD Projekt Red issued their own regulatory announcement<\/a>, stating that it would “undertake rigorous action to defend itself against any such claims.” Bloomberg<\/a>\u00a0reported that the founders cost of the myriad issues\u00a0surrounding Cyberpunk 2077’s release totaled $1 billion which also negatively affected CD\u00a0Projekt Red’s stock.\u00a0<\/p>\n [Source: Bloomberg<\/a><\/em>]<\/p>\n\n CD Projekt Red is having a catastrophic month, and Cyberpunk 2077 has been at the forefront of industr…<\/p>\n<\/div>","protected":false},"author":802,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Cyberpunk 2077 Investor Files Class Action Lawsuit Against CD Projekt Red - ITTeacherITFreelance.hk","description":"CD Projekt Red is having a catastrophic month, and Cyberpunk 2077 has been at the forefront of industr..."},"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/157005"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/802"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=157005"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/157005\/revisions"}],"predecessor-version":[{"id":157006,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/157005\/revisions\/157006"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=157005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=157005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=157005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\\\"IT\u96fb\u8166\u88dc\u7fd2](\\\"http:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-content\/uploads\/2016\/05\/logo2-2.png\\\"){kind=logo}
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