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CD Projekt Settles Lawsuit That Alleged It Misled Investors Over Cyberpunk 2077's Launch
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<blockquote data-quote="Admin" data-source="post: 61522" data-attributes="member: 1"><p>CD Projekt has finally settled the class action lawsuit that alleged it misled investors over the launch state of Cyberpunk 2077.</p><p></p><p></p><p>Revealed in a regulatory announcement, CD Projekt confirmed it had received the final approval of the class action settlement, which ends the legal proceedings related to the lawsuit.</p><p></p><p>The $1.85 million settlement agreement was revealed in December 2021, but the case has been ongoing for longer. <a href="https://www.ign.com/articles/cyberpunk-2077-class-action-lawsuit-filed-against-cd-projekt-sa" target="_blank">Rosen Law Firm first filed the lawsuit on December 24, 2020</a> as it sought to recover damages for CD Projekt investors under the federal securities law. Settling the suit, as CD Projekt has now done, means no wrongdoing was admitted.</p><p></p><p></p><p>While <a href="https://www.ign.com/articles/cyberpunk-2077-surpasses-25-million-units-sold-outpacing-the-witcher-3" target="_blank">Cyberpunk 2077 has returned to form and regained the good graces of fans as of 2023</a>, it launched on December 10, 2020 in a sorry state. The PlayStation 4 and Xbox One versions of the game, which of course arrived before the PlayStation 5 and Xbox Series X and S launched, were full of performance issues and glitches. While the <a href="https://www.ign.com/articles/cyberpunk-2077-review" target="_blank">PC version earned a 9/10 from IGN</a>, Cyberpunk 2077 on <a href="https://www.ign.com/articles/cyberpunk-2077-for-xbox-one-and-playstation-4-review" target="_blank">consoles received just a 4/10 in our review</a>. Sony even <a href="https://www.ign.com/articles/sony-removing-cyberpunk-2077-from-ps-store-will-offer-refunds-to-playstation-players-who-already-bought-it" target="_blank">removed it from the PlayStation Store</a> altogether.</p><p></p><p>The lawsuit therefore alleged CD Projekt "made false and/or misleading statements and/or failed to disclose that Cyberpunk 2077 was virtually unplayable on the current-generation Xbox or Playstation systems due to an enormous number of bugs," among other similar claims.</p><p></p><p>Developer <a href="https://www.ign.com/articles/cd-projekt-on-reviving-cyberpunk-2077-phantom-libertys-success-and-the-franchises-future" target="_blank">CD Projekt Red has spent close-to-three years turning Cyberpunk 2077 around</a>, with the release of the Phantom Liberty expansion and game-changing Update 2.0 the exclamation point at the end of its redemption story. An <a href="https://www.ign.com/articles/cyberpunk-2077-ultimate-edition-coming-next-month" target="_blank">Ultimate Edition with every update and bit of DLC is launching in December 2023</a>.</p><p></p><p></p><p>Phantom Liberty arrived September 26, with Update 2.0 laying its foundation a few days earlier. It <a href="https://www.ign.com/wikis/cyberpunk-2077/All_Cyberpunk_2077_2.0_Updates_and_Changes" target="_blank">completely revamped Cyberpunk 2077 with features such as a new perk system and improved AI</a> and also brought closure to <a href="https://www.ign.com/articles/elon-musk-was-never-in-cyberpunk-2077-cd-projekt-dev-says-despite-him-demanding-a-cameo" target="_blank">an Elon Musk fan theory</a>, a reference to <a href="https://www.ign.com/articles/cyberpunk-2077s-update-20-includes-a-tribute-to-late-driving-legend-ken-block" target="_blank">the late racing legend Ken Block</a>, and <a href="https://www.ign.com/articles/cyberpunk-2077s-biggest-mystery-unravels-further-in-phantom-liberty-and-update-20" target="_blank">bizarre additions to the game's biggest mystery</a>.</p><p></p><p><a href="https://www.ign.com/articles/cyberpunk-2077-phantom-liberty-review" target="_blank">In our 9/10 review of the expansion</a>, IGN said: "Cyberpunk 2077: Phantom Liberty completes an immense turnaround for CD Projekt Red's future RPG kickstarted with the anime spin-off, Cyberpunk: Edgerunners and its latest 2.0 Update."</p><p></p><p></p><p><em>Ryan Dinsdale is an IGN freelance reporter. He'll talk about The Witcher all day.</em></p><p></p><p><a href="https://www.ign.com/articles/cd-projekt-settles-lawsuit-that-alleged-it-misled-investors-over-cyberpunk-2077s-launch" target="_blank">Continue reading...</a></p></blockquote><p></p>
[QUOTE="Admin, post: 61522, member: 1"] CD Projekt has finally settled the class action lawsuit that alleged it misled investors over the launch state of Cyberpunk 2077. Revealed in a regulatory announcement, CD Projekt confirmed it had received the final approval of the class action settlement, which ends the legal proceedings related to the lawsuit. The $1.85 million settlement agreement was revealed in December 2021, but the case has been ongoing for longer. [URL='https://www.ign.com/articles/cyberpunk-2077-class-action-lawsuit-filed-against-cd-projekt-sa']Rosen Law Firm first filed the lawsuit on December 24, 2020[/URL] as it sought to recover damages for CD Projekt investors under the federal securities law. Settling the suit, as CD Projekt has now done, means no wrongdoing was admitted. While [URL='https://www.ign.com/articles/cyberpunk-2077-surpasses-25-million-units-sold-outpacing-the-witcher-3']Cyberpunk 2077 has returned to form and regained the good graces of fans as of 2023[/URL], it launched on December 10, 2020 in a sorry state. The PlayStation 4 and Xbox One versions of the game, which of course arrived before the PlayStation 5 and Xbox Series X and S launched, were full of performance issues and glitches. While the [URL='https://www.ign.com/articles/cyberpunk-2077-review']PC version earned a 9/10 from IGN[/URL], Cyberpunk 2077 on [URL='https://www.ign.com/articles/cyberpunk-2077-for-xbox-one-and-playstation-4-review']consoles received just a 4/10 in our review[/URL]. Sony even [URL='https://www.ign.com/articles/sony-removing-cyberpunk-2077-from-ps-store-will-offer-refunds-to-playstation-players-who-already-bought-it']removed it from the PlayStation Store[/URL] altogether. The lawsuit therefore alleged CD Projekt "made false and/or misleading statements and/or failed to disclose that Cyberpunk 2077 was virtually unplayable on the current-generation Xbox or Playstation systems due to an enormous number of bugs," among other similar claims. Developer [URL='https://www.ign.com/articles/cd-projekt-on-reviving-cyberpunk-2077-phantom-libertys-success-and-the-franchises-future']CD Projekt Red has spent close-to-three years turning Cyberpunk 2077 around[/URL], with the release of the Phantom Liberty expansion and game-changing Update 2.0 the exclamation point at the end of its redemption story. An [URL='https://www.ign.com/articles/cyberpunk-2077-ultimate-edition-coming-next-month']Ultimate Edition with every update and bit of DLC is launching in December 2023[/URL]. Phantom Liberty arrived September 26, with Update 2.0 laying its foundation a few days earlier. It [URL='https://www.ign.com/wikis/cyberpunk-2077/All_Cyberpunk_2077_2.0_Updates_and_Changes']completely revamped Cyberpunk 2077 with features such as a new perk system and improved AI[/URL] and also brought closure to [URL='https://www.ign.com/articles/elon-musk-was-never-in-cyberpunk-2077-cd-projekt-dev-says-despite-him-demanding-a-cameo']an Elon Musk fan theory[/URL], a reference to [URL='https://www.ign.com/articles/cyberpunk-2077s-update-20-includes-a-tribute-to-late-driving-legend-ken-block']the late racing legend Ken Block[/URL], and [URL='https://www.ign.com/articles/cyberpunk-2077s-biggest-mystery-unravels-further-in-phantom-liberty-and-update-20']bizarre additions to the game's biggest mystery[/URL]. [URL='https://www.ign.com/articles/cyberpunk-2077-phantom-liberty-review']In our 9/10 review of the expansion[/URL], IGN said: "Cyberpunk 2077: Phantom Liberty completes an immense turnaround for CD Projekt Red's future RPG kickstarted with the anime spin-off, Cyberpunk: Edgerunners and its latest 2.0 Update." [I]Ryan Dinsdale is an IGN freelance reporter. He'll talk about The Witcher all day.[/I] [url="https://www.ign.com/articles/cd-projekt-settles-lawsuit-that-alleged-it-misled-investors-over-cyberpunk-2077s-launch"]Continue reading...[/url] [/QUOTE]
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CD Projekt Settles Lawsuit That Alleged It Misled Investors Over Cyberpunk 2077's Launch
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