CD PROJEKT Facing Possible Cyberpunk 2077 Lawsuit

The New York Times article on Cyberpunk 2077 mentioned yesterday includes a link a Polish forum post suggesting CD PROJEKT may be facing a class action suit from investors over the bungled launch of Cyberpunk 2077. Here's a machine translation:
My name is Mikołaj Orzechowski, I am a Warsaw attorney and at the same time a CDPR investor. In connection with the recent events - and in particular the suspension of the sale of the CYBERPUNK 2077 product, we are currently analyzing, together with the team of the law firm, the grounds for bringing a class action together with the notification of the possibility of committing an offense under Art. 286 of the Penal Code. - misrepresentation in order to obtain financial benefits. If you are interested in participating in the above, please contact me at mikolaj.orzechowski@4bizzz.com. Contact is absolutely free, my entry is to verify whether to undertake the above activities yourself, or whether there are more people in a situation similar to me. We also prepare material, together with one of the web portals, on the rights of investors, if so clearly,
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5.
 
Re: CD PROJEKT Facing Possible Cyberpunk 2077 Lawsuit
Dec 20, 2020, 14:32
5.
Re: CD PROJEKT Facing Possible Cyberpunk 2077 Lawsuit Dec 20, 2020, 14:32
Dec 20, 2020, 14:32
 
Pretty sure most "investors" don't get a "say".

The corporate board makes all the decisions. The board "reports" the situation at various stages (usually quarterly) to the investors (aka shareholders). We already know that they we're lying a year ago when they said the game was complete and the devs were questioning that.

Let me put it this way... you add CDPR to your 401k. You avidly attend the quarterly reports...usually a conference call or nowadays a zoom type meeting. They (the board) say they are "on track". You may even boost your investment some due to the hype. Then this shit happens.

Uh yeah... as an "investor", you'd be pissed.

Losing on an investment is a roll of the dice...no doubt. But if the Corporate heads outright lie about status... you have a legal claim.

This fiasco has significantly impacted CDPR's shares. At the time of writing, CD Projekt RED has 100,654,624 shares that're worth $21.31 each. A quick bit of math shows CDPR currently has a market value of $2.14 billion, down 23% since CP2077's release. CD Projekt RED had a $2.7 billion market value on December 9, a day before Cyberpunk 2077's release.
CD Projekt RED loses $641 million in shares over Cyberpunk 2077 mess

Down 23% probably means you lost money in the 401k example, depending on when one invested. A year or so wipe out.

The only people that get to make any "Demands" are people that hold a significant percentage of the company... and usually THEY are on the Board.

I highly doubt this "little attorney in Warsaw" had significant shares and was in any position to make demands that the product be released. He got screwed just like the gamers.

This comment was edited on Dec 20, 2020, 15:27.
Get your games from GOG DAMMIT!
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Dec 20, 14:32Dec 20 14:32
Re: CD PROJEKT Facing Possible Cyberpunk 2077 Lawsuit