The Polish game publisher CD Projekt has reached an out-of-court settlement in a lawsuit due to the unsuccessful start of “Cyberpunk 2077”. Several investors decided to file a joint lawsuit against CD Projekt because of the poor technical condition. The company aroused expectations that the finished product did not meet. This caused investors financial damage.
The sum that they have now agreed on with CD Projekt is comparatively small: CD Projekt is to pay 1.85 million US dollars to the plaintiff, emerges from a communication from the game company. This agreement has yet to be approved by the competent California Court of Justice.
A first investor had decided to file a lawsuit against CD Projekt last December, and a total of four lawsuits from investors were later merged into one case. The lawsuit concerned, among other things, false and misleading statements that the management of CD Projekt allegedly made in advance of the publication of “Cyberpunk 2077”.
“Cyberpunk 2077” was launched a year ago in a poor technical condition. Bugs, glitches and crashes annoyed not only players but also investors: CD Projekt shares plummeted due to negative reporting, today it has lost over half of its value.
The current business figures of the Polish games company CD Projekt also fall short of expectations: while sales rose by almost 40 percent compared to the same period in the previous year, profits fell by 30 percent to the equivalent of just under 3.5 million euros. According to CFO Piotr Nielubowicz the reduced turnover is primarily due to the ongoing work on “Cyberpunk 2077”: The action role-playing game has been actively maintained by a large development team since its market launch in December last year.