CD Projekt settles Cyberpunk 2077 lawsuit with investors
CD Projekt has finally settled its lawsuit accusing it of misleading investors about the state of Cyberpunk 2077 before its release in late 2020.
The details:
The developer confirmed in a new regulatory announcement that it had received final approval of the class action settlement regarding its lawsuit with Rosen Law Firm, bringing the legal proceedings to a close after nearly three years with the company admitting no wrongdoing.
After the disastrous launch of Cyberpunk 2077 in December 2020, investors claimed that the studio had "made false and/or misleading statements and/or failed to disclose that Cyberpunk 2077 was virtually unplayable" on the then-current generation consoles, the PlayStation 4 and Xbox One, due to an overwhelming number of bugs and other technical issues.
Rosen Law Firm, which represented CD Projekt's investors, sought damages under US federal securities law, eventually reaching a $1.85 million settlement in December 2021.
In terms of public perception, Cyberpunk has gone from being an unplayable mess that was removed from the PlayStation Store to being regarded as one of the best games of the decade so far. Its 2.0 update earlier this year overhauled all of its systems in preparation for the release of the Phantom Liberty expansion, ironing out many of the game's major issues.
More gaming news:
According to a reputable insider, Capcom currently has no plans to release another Resident Evil remake in 2024, instead focusing on its new "major title," which is believed to be the upcoming Dragon's Dogma 2.
Second Dinner, the developer of Marvel Snap, has confirmed that the game will continue to operate despite publisher Nuverse's planned restructuring. It is currently unknown whether the title will be handed over to a new publisher.
