The investor lawsuit over Cyberpunk 2077‘s release against CD Projekt Red has finally been settled. The settlement amounts to $1.85 million.
It has been more than a year since the release of Cyberpunk 2077. Over the past year, fans have demanded refunds, fanatics have defended the game to their grave, and company investors have sued the developers for misleading them on the state of Cyberpunk 2077. Indeed, CD Projekt Red not only misled fans who would be playing the game and the media who are covering the game. They also misinformed their very own investors on the true state of Cyberpunk 2077. Because of this, the company’s very own investors launched a class-action lawsuit against the Polish games developer.
CDPR has settled a lawsuit for $1.85 million with investors who claimed they suffered financial damages after the buggy launch of Cyberpunk 2077. https://t.co/Tc39a2X711 pic.twitter.com/rkYMy8fXO6
— IGN (@IGN) December 23, 2021
CD Projekt Red defended themselves fiercely during the trial, maintaining that they did nothing wrong. However, the courts thought otherwise. Halfway through December 2021, CD Projekt Red announced details about the settlement. However, agreeing to the settlement terms doesn’t automatically mean that CDPR was guilty, as expressly stated in their statement:
“As expressly stated in the Term Sheet, execution of the Term Sheet does not imply admission of any responsibility on the part of the Company or any of the other defendants named in the case.”
Fans should also be reminded that the settlement only concerns investors – there will be no payout for anyone who felt misled by the game’s marketing and advertisements. There are separate class-action lawsuits filed on behalf of consumers.
Also recently, Riot Games, developers of League of Legends and Valorant, among other titles, settled a class-action lawsuit filed by former employees amounting to $100 million.