Fri, April 26, 2024

Investor Against Video Game Studio CD Projekt

Video game and investors

There is no lack of video games. Some of them are popular around the world, while others fail to impress gamers. Interestingly, players have already expressed their disappointment in ‘Cyberpunk 2077’, perhaps the year’s most anticipated video game. This is not the end of the story, as an investor in CD Projekt, the studio behind ‘Cyberpunk 2077’ took legal action against the company as well as executives Thursday in federal court in Los Angeles.

 

According to the investor, the company hyped the game with false and misleading statements. As a result, he as well as other investors suffered financial losses. Based on the information taken from the lawsuit,  the game suffers from an enormous number of bugs. The investor is not the only person who mentioned this problem, as players also mentioned this issue.

 

As a reminder, eight million people pre-ordered copies of ‘Cyberpunk 2077’, a sci-fi game set in a futuristic fantasy city with movie star Keanu Reeves as the basis of one character. However, this game failed to impress many players. For example, many players quickly soured on the game after it shipped this month. They noted a series of glitches and described the development as sloppy.

 

Video Game and players 

As stated above, the video game failed to impress many players. Interestingly, Sony and Microsoft offered refunds to players who bought the game through their PlayStation and Xbox online stores. Moreover, Sony went so far as to pull the game from its stores. 

 

According to the investor, Andrew Trampe the company hyped the game and its stock price for months with a series of overly positive statements. For example, the company said the game was complete and nice to play. The CD Projekt made this statement in January. 

 

Moreover, statements about its business, operations, as well as prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Moreover, the lawsuit asks the court to recognize the suit as a class action on behalf of all similar investors. 

 

Based on the information provided by the company, it sold more than 13 million copies of ‘Cyberpunk 2077’ through December 20. It is worth noting that, it won’t be easy to win this case in court. The investor has to prove that he lost money due to CD Projekt. Moreover, it will take a lot of time and effort to persuade the judge. 

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