Since the release of the overhyped game Cyberpunk 2077, CD Projekt Red is having a catastrophic month. Everyone is just disappointed with the developers who made something so great like the Witcher series.
A lawsuit was recently filed against CD Projekt Red, claiming that investors were misled about the game’s performance ahead of its release, causing a significant stock price drop and losses. Even though the game’s sales have already exceeded its costs, investors have taken heavy monetary losses. Rosen Law Firm in New York filed a lawsuit to recover damages made by misleading statements pre-release of the game.
According to the lawsuit, CD Projekt Red –
- Cyberpunk 2077 was virtually unplayable on the [last-] generation Xbox or PlayStation systems due to an enormous number of bugs
- as a result, Sony will remove Cyberpunk 2077 from the PlayStation Store. And Sony, Microsoft and CD Projekt will be forced to offer full refunds for the game
- consequently, CD Projekt would suffer reputational and pecuniary harm
- as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
In response to Rosen Law Firm’s lawsuit, CD Projekt Red issued their regulatory announcement. They stated that it would “undertake rigorous action to defend itself against any such claims.” The founder’s cost of the myriad issues surrounding Cyberpunk 2077’s release totalled $1 billion which also negatively affected CD Projekt Red’s stock.
CD Projekt Red even implemented a new game patch which ensured that it will fix all the bugs faced by players. However, what it actually did was, it introduced even more new hilarious bugs. Basically, Cyberpunk 2077 has become Cyberbug 2020 simulator.
This was the major update from the devs, and its aim was to end all the major bugs. Also, before this bug update, they announced “Our Commitment to Quality, where CD Projekt Red apologized. They even made a promise/statement to make the game as good as they claimed, after all the disaster.
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