CDPR have entered settlement talks with investors who previously sued the Polish company over the botched launch of Cyberpunk 2077. The lawsuit was filed by shareholders earlier this year who claimed that the developer gave them misleading information on the game’s quality, which launched with a myriad of technical problems.
As reported by Video Games Chronicle, CD Projekt will now begin settlement talks with investors regarding class-action lawsuits filed against the company for misleading promises and updates on Cyberpunk 2077‘s actual state. The open-world RPG was pulled from the PlayStation Store this year due to its poor technical performance on PS4, though later put back up with a warning label from Sony. However, shareholders sued the company for essentially lying to them before the game’s launch.
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In a regulatory update yesterday, CD Projekt was told by its law firm that the US District Court for the Central District of California had “suspended proceedings concerning the motion to dismiss due to the parties having entered into negotiations concerning a potential settlement.”
The filing states:
“Should a consensus be reached with regard to the conditions of the potential settlement, the parties will file for its approval by the Court.
The decision on whether to approve the settlement and permit its implementation shall be issued by the Court once certain additional formal conditions are satisfied.
It should also be noted that entering into negotiations concerning a potential settlement should in no way be construed as acceptance by the Company or members of its Management Board of any allegations expressed in the plaintiffs’ court filings.”
CD Projekt has been hard at work attempting to fix Cyberpunk 2077 on all platforms following its disastrous launch. The game was plagued with technical issues, crashes, game-breaking bugs and glitches, which led to massive backlash from the gaming community. CD Projekt’s own investors took it a step further by filing the lawsuits, which pinned the blame on the company for not being wholly transparent about the true broken state of the game. This was seen before the game’s launch with plenty of trailers misleading not only investors but players into thinking that it was in an acceptable state.
The PS5 and Xbox Series X/S versions of Cyberpunk 2077 will be made available for free in early 2022, though we wonder if it will be enough for CD Projekt to win back good faith.
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Source: Video Games Chronicle
