CD Projekt has negotiated with investors about a potential settlement, and the investors filed a class action lawsuit against the company because Cyberpunk 2077.
According to court documents, if both parties agree to a settlement, the next step is to seek court approval (thank you, VGC).
“Once certain additional formal conditions are met, the court will issue a decision on whether to approve the settlement and allow its implementation,” the document reads.
“It should also be noted that the negotiation of a potential settlement should never be interpreted as the acceptance of any allegations expressed in the plaintiff’s court documents by the company or its management committee members.”
The first class action lawsuit against CD Projekt started in January, and three other class actions against the company resulted in all lawsuits being consolidated. The lawsuit was filed against the company because investors believed that CDP had misrepresented the status of “Cyberpunk 2077” for financial gain.
The lawsuit stated that CDP “failed to disclose that “Cyberpunk 2077″ could not actually be played on the current generation of Xbox or Playstation systems due to a large number of errors.” The lawsuit also cited Sony’s decision to remove the game from the PlayStation Store and Microsoft As evidence that Cyberpunk 2077 is not ready to enter prime time.
CD Projekt stated that when the first lawsuit was filed, it would actively defend itself in any lawsuit against misleading shareholders or the release of inferior products in order to avoid losing money.
This three-time delayed game was released in December 2020, but there were a series of technical problems and it was a mess on consoles. The problems ranged from frame rate issues to rendering and visual errors, not to mention crashes, scripting issues, and more.
CDP promises that with the release of the January and February patches in 2021, it will bring the game into a more playable state. The latter patch was postponed to March, followed by patches in June, August, and September. Many patches have also been released.
The PS5 and Xbox Series X/S versions of the game are expected to be released in 2021, and will now be released sometime in the first quarter of 2022. “The “lessons” it has learned in the past year.