CD Projekt Red has agreed to pay $1.85 million to resolve a dispute with its investors over the release of Cyberpunk 2077.
The class-action complaint, filed in 2020, alleged that CD Projekt Red deceived investors and consumers about the condition and quality of Cyberpunk 2077, leading in financial and profit losses. It has now been announced that a $1.85 million settlement has been agreed between the two parties, and everyone who acquired shares in the company between January 16, 2020 and December 17, 2020 is able to claim on the settlement at about $0.49 per share. CD Projekt Red will not have to acknowledge to any of the lawsuit’s accusations.
This is one of several cases filed against CD Projekt Red since the release of Cyberpunk 2077, with the business resolving a similar complaint last year for the same $1.85 million sum.
At launch, Cyberpunk 2077 was beset with bugs and technical flaws, leading the game to operate horribly and be almost unplayable on PS4 and Xbox One consoles, prompting Sony to ban the title from its storefront until June 2021, causing the company’s image and goodwill with gamers to suffer. Since then, the game has gotten various updates and patches, including the much praised 1.5 and next-gen upgrades, which included several bug fixes and enhancements as well as free DLC.
The game’s popularity was additionally boosted by the Netflix anime series Cyberpunk: Edgerunners, which was hailed by fans and reviewers alike and inspired the Edgerunner DLC that debuted with the series. The game has sold over 20 million copies since its first release and is currently in much better shape; it will receive the paid DLC expansion Phantom Liberty this year. The developer has also announced that the sequel to Cyberpunk 2077, codenamed Orion, is already under production.
