CD Projekt Red agrees to a $1.85M settlement to close out Cyberpunk 2077 investor lawsuit

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It appears to be like like the tip of 2021 can be signaling the tip of CD Projekt Red’s authorized kerfuffle with its traders over Cyberpunk 2077. The dev studio is settling the class-action lawsuit filed by investors to the tune of $1.85 million, placing a capstone on what has been a tumultuous launch for the single-player RPG.

Readers will recall that traders filed the primary class-action go well with in December 2020, claiming that CDPR made “materially false and misleading statements” concerning the sport’s efficiency on PS4 and Xbox One, which led to, amongst different issues, plummeting earnings, the removing of the sport from the PlayStation retailer, and a practice of patch updates, in addition to “fiscal harm” suffered by mentioned traders. Three extra class-action fits had been introduced, and all 4 had been merged into one suit in May 2021, which CDPR is now agreeing to pay out – a far cry from the “vigorous defense” that the studio claimed it was going to make use of on the high of this yr.

The announcement from CDPR notes that the settlement settlement nonetheless wants to be finalized by not less than January thirteenth, however data obtained by the studio suggests that ought to occur in a number of months. Further, the studio factors out that the settlement “does not imply admission of any responsibility on the part of the Company or any of the other defendants named in the case.”



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