CD Projekt will pay $1.85 million to settle a class-action lawsuit alleging that it misled investors over the quality of Cyberpunk 2077
According to the lawsuit, CD Projekt made false or misleading statements and failed to disclose that Cyberpunk 2077 was “virtually unplayable” on consoles, and “when the true details entered the market… investors suffered damages.”
A consultant for the plaintiffs had previously estimated that total potential damages could be as high as $11 million. The $1.85 million settlement, which represents 16.8% of the estimated recoverable damages, will result in compensation of approximately $0.49 per eligible share of CD Projekt securities.
It will be used to pay class members, settlement administration costs, taxes, attorney’s fees and costs, and incentive awards for the plaintiffs., with CD Projekt instead choosing to invest its resources in improving the already available game.
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