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General discussionCDPR faces 4 lawsuits from investors(101 posts)(101 posts)
(101 posts)
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This is my favourite topic
Posted May 06, 2021
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apehater: i saw a youtube video a while ago and if my memory and the info in that video is correct, it mentioned shareholders did push the release. they wanted a release of cp2077 before the release of next gen consoles (xb series/ps5) with the expectation of more sales. since people wouldn't have a reason to buy cp2077 on ps4/xbone when the new consoles were on the market.

i wouldn't be surprised, if the same shareholders are now suing
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dick1982: i don't get it? the shareholders screwed up the release date, thus forcing CDPR to release buggy console games that are harder and more costly to patch, so now they're suing because of their own foolishness?
Free Float Shareholders dont decide on release dates or anything of the sort. They also cant force CDPR to release it in a buggy state without overthrowing the board.
Far as I know the only notable shareholders are part of the company in the management and on the board. These are the ones making the calls. The others dont even have enough information to make any sane decisions. And the management misleading them in that way is (AFAIK) now what they are mad about - and IMO quite rightfully in the manner that if I would have been a shareholder making buy (or not sell) decisions based on that conference call I would be quite mad too I guess.
Posted May 07, 2021
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Zrevnur: ...

Actually it may somewhat correlate to reality. Quoting an answer in https://www.cdprojekt.com/en/wp-content/uploads-en/2020/10/trancript_en.pdf

MN: Hi; Michał Nowakowski again. I wouldn’t say there is a “problem” because there’s nothing wrong with Xbox or PS4 versions –there is optimization to be handled, also because of how we were approaching things from the get-go in terms of development; so –there is no problem with Xbox or PlayStation 4, to be honest.
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Zrevnur: Even a "honest" statement says that there is no problem with PS4...
(And feel free to read the whole thing for proper context.)
thanks for providing this transcript, knowing the result afterwards its horrifying how much cdpr management did lie in that conference
Posted June 08, 2021
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Update:

There’s a fresh twist to developer CD Projekt Red’s post Cyberpunk 2077 nightmares: four separate lawsuits against the Polish company will now be combined into one mega lawsuit in order to facilitate court proceedings.
I dont know how this correlates to the "5 separate law firms" I posted about in https://www.gog.com/forum/general/cdpr_faces_4_lawsuits_from_investors/post78 (and there may have been more than 5 to start with).

Sources:
https://gamingdope.com/four-cyberpunk-lawsuits-against-cdpr-to-combine-into-one/
https://www.cdprojekt.com/en/investors/regulatory-announcements/current-report-no-27-2021/
Posted June 08, 2021
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Zrevnur: Update:

There’s a fresh twist to developer CD Projekt Red’s post Cyberpunk 2077 nightmares: four separate lawsuits against the Polish company will now be combined into one mega lawsuit in order to facilitate court proceedings.

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Zrevnur:
Well everything is as expected then, as I mentioned a couple of post back it's not four lawsuits combined into a "mega-lawsuit" it's simply how every class action works, no matter how many law firm you have filling a class action for the same "subject" at the end, if the class action goes further, only one of them is chosen and will be the lead plaintiff.
Posted June 08, 2021
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Now children, has everyone learned their lesson about pre-ordering?
Posted July 04, 2021
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Minor update on CDPs site:
https://www.cdprojekt.com/en/investors/regulatory-announcements/current-report-no-35-2021/

Lawsuit/s seem to (slowly) move forward:

Current Report no. 35/2021

June 29, 2021

Subject: Update concerning class action lawsuit filed in the USA

Legal basis: Art. 17 section 1 of MAR – inside information

In relation to Current Report no. 27/2021 of 18 May 2021, in order to provide an update on the actions undertaken in the US District Court for the Central District of California, the Management Board of CD PROJEKT S.A. with a registered office in Warsaw (hereinafter referred to as “the Company”) hereby announces that it has received a copy of the statement of claims filed against the Company and members of its Management Board by a law firm representing the lead plaintiff and other eligible holders of US securities traded under the ticker symbols “OTGLY” and “OTGLF”. The statement is materially consistent with previously filed unconsolidated lawsuits which concern the matter, and likewise, it does not specify the amount of damages sought.
Posted September 02, 2021
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Update:

On 12 August 2021 the Company filed a responsive pleading, asking that the complaint be dismissed
by the court. In accordance with US court rules, the Company now awaits a reply from the plaintiff.
Unfortunately this doesnt say much. And there is no additional information in the source.

Source: page 74 in https://www.cdprojekt.com/en/wp-content/uploads-en/2021/09/management-board-report-on-cd-projekt-group-activities-in-h1-2021.pdf
Post edited September 02, 2021 by Zrevnur
Posted December 19, 2021
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Looks like CDP is going to pay 1 850 000 $ to settle this - see sources. Unfortunately I have no information as to how much shareholder power is bundled in the class action. So its impossible for me to determine whether this is a comparatively small or large settlement.

Sources:
https://www.theverge.com/2021/12/16/22839181/cyberpunk-2077-cd-projekt-1-85-million-proposed-class-action-settlement#content
https://www.cdprojekt.com/en/investors/regulatory-announcements/current-report-no-43-2021/
https://www.cdprojekt.com/en/investors/regulatory-announcements/current-report-no-45-2021/
Posted December 19, 2021
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Why don't people sue companies that aim assist aimbots embedded into the game to worsen the experience of competitive play for PC gamers?
Post edited December 19, 2021 by Crevurre
Posted December 19, 2021
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Crevurre: Why don't people sue companies that aim assist aimbots embedded into the game to worsen the experience of competitive play for PC gamers?
we should ,but i think we wouldn't won :=
maybe the publishers could win ,but they dont really care about cheaters , they benefit from cheating streamers too much to throw them into the dirt
I bet most streamers are cheating and the top ones clearly get special treatment from the publishers , like they are put on whitelist so the automatic anti-cheat wont ban them , or they get easier enemies to get higher kill counts or better loots(this was proven)
Posted December 19, 2021
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Crevurre: Why don't people sue companies that aim assist aimbots embedded into the game to worsen the experience of competitive play for PC gamers?
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Orkhepaj: we should ,but i think we wouldn't won :=
maybe the publishers could win ,but they dont really care about cheaters , they benefit from cheating streamers too much to throw them into the dirt
I bet most streamers are cheating and the top ones clearly get special treatment from the publishers , like they are put on whitelist so the automatic anti-cheat wont ban them , or they get easier enemies to get higher kill counts or better loots(this was proven)
really? if it was proven and it's not in the tos to do that, i'm sure that's enough.
Post edited December 19, 2021 by Crevurre
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Community
General discussionCDPR faces 4 lawsuits from investors(101 posts)(101 posts)
(101 posts)