The Cyberpunk 2077 movie launched in a state of disrepair, which resulted in players ripping off their clothes and CD Projekt Red investors filed a class action lawsuit. This lawsuit alleged that CDPR “made materially false or misleading statements” about the game, especially about the status of its console release, and sought damages.
Now the proposed settlement has been approved by a federal judge for the Central District of California. The settlement reached will result in a payment of US$1.85 million (approximately £1.52 million) or approximately US$0.49 per eligible share.
The lawsuit began with four separate lawsuits filed by investors and shareholders before they began to merge into one in May 2021. The lawyers behind the lawsuit claimed that Cyberpunk 2077 is “virtually unplayable” on Xbox One and PlayStation 4, and that CDPR covered up this fact. . This removed Cyberpunk 2077 from the PlayStation Store and damaged CDPR’s reputation and share price.
a settlement agreement was previously agreed upon. This was announced in December 2021, pending court approval. This permission has now been received.
To be eligible for compensation, investors will need to purchase shares in CDPR between January 16, 2020 and December 17, 2020. The judge’s decision, which you can view in PDF format, explains how exempt shareholders will be notified and sets out multiple closing deadlines deals. file with final approval June 1, 2023
In the years since its release, Cyberpunk 2077 has been patched several times across all platforms, including PC. It also received second player support due to the popularity of the Cyberpunk: Edgerunners anime. Later this year, CDPR will release its first major expansion for Cyberpunk, Phantom Liberty, starring Idris Elba.