We are more than a year removed from CyberPunk 2077’s premature launch and developer, CD Projekt Red is still paying for it as it has reached a settlement of heading.85 million USD in investor lawsuits.
The parent company CD Projekt racked up many investor complaints following a buggy launch in the form of multiple lawsuits which eventually combined into a single massive one. Investors accused CD Projekt of violating federal law, misleading information on the state of the game before launch and much more. The shares of CD Projekt have dropped by 54 percent since last year’s messy launch.
The game company was looking to settle it out of court, and it seems they got their wish as CD Projekt will pay investors a lump sum of $1.85 million which is just a small fraction of the $563 million CyberPunk 2077 made in sales during its launch month which easily surpassed the game’s reported $316 million budget, according to VGC.
“According to the Term Sheet, members of the class (including the plaintiffs) shall relinquish any and all claims against the Company and members of its Management Board,” the statement reads.
“In return, a settlement in the amount of $1,850,000 USD shall be paid out to the class by the Company and its insurer. Execution of the Term Sheet does not imply an admission of any responsibility on the part of the Company or any of the other defendants named in the case.”
When Cyberpunk 2077 launched last year it was a buggy launch so much that PlayStation removed the PS4 game from sale which would make its return 6 months later. Over time, the developer has updated the game since the launch and even released a roadmap for major updates plus next-gen updates for CyberPunk 2077 and The Witcher 3: Wild Hunt which were delayed from the end of 2021 to early 2022.
“Apologies for the extended wait, but we wanted to make it right,” CD Projekt said in a statement.
