Last week we reported on the ongoing class-action lawsuit taking place at CD Projekt Red over the catastrophic launch of Cyberpunk 2077. The game was released in December 2020 with hundreds of bugs, performance issues and in an almost unplayable state. After a year of class-action lawsuits, company harassment cases, updates that still failed to improve the game and all the lies delivered by CDPR, the company has agreed to pay $1.85 million to settle the case against its shareholders.
According to the lawsuit, the shareholders, who filed this class-action case against CDPR for the disastrous launch of Cyberpunk 2077, agreed to settle for this measly amount of money. The settlement also forces the shareholders to relinquish any and all claims against CDPR and members of its management board.
In the grand spectrum of things, this $1.85 million is really nothing to CDPR. Considering that Cyberpunk 2077 had a development budget of $316 million and recouped the entire amount on digital pre-orders alone, this settlement is pathetic. It is even worse given that the lawsuit was actually four class-action cases combined into one. Perhaps the plaintiffs didn’t have a case strong enough to warrant a larger settlement? After all, the whole case was brought by shareholders who believed they were misled by CDPR and the launch of Cyberpunk 2077.
Although this lawsuit hasn’t resulted in a major win against the good guys, CDPR has suffered some major losses in the past year. The company’s sale projections have lowered drastically and its stock price has fallen over 50% since December 2020. Gamers have also been burnt by the developer for the last time now and the overall morale is at an all-time low at the company.
CD Projekt Red has promised countless times to fix Cyberpunk 2077 and issued multiple patches for the game. Sadly, these updates haven’t done much to fix the shallow and uninspired game design but rather bugs and visual glitches. The company has recently delayed the PS5 and Xbox Series X/S updates for both The Witcher 3 and Cyberpunk 2077 into 2022. We can only wait and see how this turns out.
You can read the full settlement here.