CD Projekt has announced plans to pay $1,850,000 (£1.4 million) to settle a class-action lawsuit brought by investors Cyberpunk 2077troubles. The lawsuit began in December 2020 with investors primarily upset with the fact that the console version was in such a state, alleging that CDP had been dishonest about the game and its prospects. The CDP says the proposed settlement terms make it clear that although they are making payments, this “doesn’t mean an admission of any responsibility”.
This lawsuit begins with four separate actions brought by different investors and shareholders, merge into one in May 2021. The attorneys behind the first lawsuit declare The CDP “made a false and/or misleading statement and/or failed to disclose” its status. They say the game is “virtually unplayable” on Xbone and PS4, a condition that also makes Sony remove the game from the PlayStation Store for six months, and damage the CDP’s reputation and finances. They’re basically claiming that the company acts like the game is okay when it’s not, so investors who bought before launch suffer financial losses.
CDP announced today they have provisionally agreed to a deal for which they will pay $1.85 million (£1.4 million). Everyone involved still needs to formalize an agreement after which the court will need to approve it, but this could end in a few months.
The company emphasizes that this does not mean it admits responsibility. They say they are settling because court battles can be lengthy and expensive, because attorneys think settlements are okay, and because out-of-court settlements are common in the United States. They are not wrong. $1.85 million is a life-changing amount for one person but honestly not as much as the settlement of four class-action lawsuits against a major company whose games still sold over 13 million version by the end of 2020.
Obvs, this doesn’t mean much to people who bought a hardcore game. All this money and sympathy goes to investors and their insurance companies. Who will not think of poor investors? But it does mean an impending end to part of the story of a bungled launch that has been (deservedly) CDP for over a year.
Cyberpunk’s next “big” update will launch in early 2022 with a next-gen console update. The game has received a flurry of rave reviews from players since its halving during the Black Friday sale, and the CEO of CDPR recently said he thinks it will be considered a hit. very good game in the long run. As someone who played over 100 hours at launch, ah, I enjoyed it but patches and expansions still have a lot of work to do before my opinion of Cyberpunk 2077 is pretty positive.
