CD Projekt Could Face Investor Lawsuits Over Cyberpunk 2077 Gabe Gurwin CD Projekt could soon be facing yet another Cyberpunk 2077 problem, arguably bigger than having to offer refunds to upset players: a class-action lawsuit. According to VGC, multiple law firms, as well as a CD Projekt investor, are looking into a class-action suit related to potential misrepresentation by CD Projekt. The company could be accused of breaking an SEC rule that makes it unlawful to operate "as a fraud or a deceit upon any person" during security transactions. In other words, this potential lawsuit would see investors taking aim at CD Projekt rather than the customers who bought the game. Given the massive drop in share value for the company over the last week, this isn't a huge surprise. Several of the executives and co-founders of the company have reportedly lost over $1 billion in their own stock value since the game's launch. Continue Reading at GameSpot https://ift.tt/eA8V8J

CD Projekt could soon be facing yet another Cyberpunk 2077 problem, arguably bigger than having to offer refunds to upset players: a class-action lawsuit.

According to VGC, multiple law firms, as well as a CD Projekt investor, are looking into a class-action suit related to potential misrepresentation by CD Projekt. The company could be accused of breaking an SEC rule that makes it unlawful to operate "as a fraud or a deceit upon any person" during security transactions.

In other words, this potential lawsuit would see investors taking aim at CD Projekt rather than the customers who bought the game. Given the massive drop in share value for the company over the last week, this isn't a huge surprise. Several of the executives and co-founders of the company have reportedly lost over $1 billion in their own stock value since the game's launch.

Continue Reading at GameSpot

from GameSpot - All News https://ift.tt/3awBxya