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CD Projekt Red settles lawsuit with investors, agrees to pay $1.85m!

Developer CD Projekt Red has settled a lawsuit with its investors over the launch of Cyberpunk 2077 and has agreed to pay $1.85 million.

The class action lawsuit was filed in 2020 and alleged that CD Projekt Red misled investors and customers about the status and quality of Cyberpunk 2077, resulting in lost money and profits. It has now been confirmed that a settlement has been reached between the parties in the amount of $1.85 million, and anyone who purchased shares in the company from January 16, 2020 to December 17, 2020 is eligible to claim a settlement of approximately $0.49 per share. CD Projekt Red will not have to admit any of the claims in the lawsuit.

Related: What is the release date for Cyberpunk 2077: Phantom Liberty?

This is one of multiple lawsuits that CD Projekt Red faced after the launch of Cyberpunk 2077, as the company settled a similar suit last year for the same $1.85 million figure.

At launch, Cyberpunk 2077 was riddled with bugs and technical issues that caused the game to run terribly and was almost unplayable on PS4 and Xbox One consoles, eventually causing Sony to remove the game from its storefront until June 2021, damaging the company’s reputation and goodwill. its intention. with the guys. Since then, the game has received several updates and patches, including the well-received Update 1.5 and Next-Gen Update, which saw several bug fixes, improvements, and free downloadable content.

The game has also experienced a resurgence in popularity thanks to the Netflix anime series Cyberpunk: Edgerunners, which was praised by fans and critics and inspired the Edgerunner DLC that launched alongside the series. The game has gone on to sell over 20 million copies since its release and is now in much better shape; And you’ll get Phantom Liberty the paid expansion in DLC this year. The developer also confirmed that a Cyberpunk 2077 sequel, codenamed Orion, is currently in development.

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