Lawsuit against the gaming studio on the buggy " Cyberpunk 2077"
Gamers have already expressed disappointment in "Cyberpunk 2077", perhaps the most anticipated video game of the year. Now, it's investors ' turn.
Investors in Cd Projekt, the studio behind "Cyberpunk 2077", filed a lawsuit against the company executives on Thursday in federal court in Los Angeles, claiming that they hyped the game with false statements and misleading commissioned him and other investors money.
The game suffers from a " huge number of errors," the lawsuit says, echoing the complaints of players.
Eight million people pre-ordered copies of" Cyberpunk 2077", a sci-fi game set in a futuristic fictional city with film star Keanu Reeves as the basis for one character. But many players quickly strained on the game after it shipped this month, citing a series of sloppy development recall errors.
Show Sony and Microsoft refunds to players who bought the game through stores PlayStation and Xbox online. Sony went so far as to pull the game from its store, shocking industry analysts.
The lawsuit filed by investor Andrew Trump alleges that CD Projekt outperformed the game and its share price for several months with a series of overly positive statements, such as one in January that said "Cyberpunk 2077" was "complete and playable" at the time.
"The defendants' statements about its business, operations and prospects were materially false, misleading and/or without reasonable basis at all relevant times,"the lawsuit says. It requests the court to recognize the lawsuit as a class action on behalf of all similar investors.
CD Projekt, based in Warsaw, Poland, did not immediately respond to a request for comment sent outside normal business hours.
Shares in Cd Projekt fell about 38 percent from early December, before the company released the game.
The company said it sold more than 13 million copies of 'Cyberpunk 2077' during December. 20, missing analyst expectations, Reuters reported on Tuesday.
Gamers have already expressed disappointment in "Cyberpunk 2077", perhaps the most anticipated video game of the year. Now, it's investors ' turn.
Investors in Cd Projekt, the studio behind "Cyberpunk 2077", filed a lawsuit against the company executives on Thursday in federal court in Los Angeles, claiming that they hyped the game with false statements and misleading commissioned him and other investors money.
The game suffers from a " huge number of errors," the lawsuit says, echoing the complaints of players.
Eight million people pre-ordered copies of" Cyberpunk 2077", a sci-fi game set in a futuristic fictional city with film star Keanu Reeves as the basis for one character. But many players quickly strained on the game after it shipped this month, citing a series of sloppy development recall errors.
Show Sony and Microsoft refunds to players who bought the game through stores PlayStation and Xbox online. Sony went so far as to pull the game from its store, shocking industry analysts.
The lawsuit filed by investor Andrew Trump alleges that CD Projekt outperformed the game and its share price for several months with a series of overly positive statements, such as one in January that said "Cyberpunk 2077" was "complete and playable" at the time.
"The defendants' statements about its business, operations and prospects were materially false, misleading and/or without reasonable basis at all relevant times,"the lawsuit says. It requests the court to recognize the lawsuit as a class action on behalf of all similar investors.
CD Projekt, based in Warsaw, Poland, did not immediately respond to a request for comment sent outside normal business hours.
Shares in Cd Projekt fell about 38 percent from early December, before the company released the game.
The company said it sold more than 13 million copies of 'Cyberpunk 2077' during December. 20, missing analyst expectations, Reuters reported on Tuesday.
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