CD Projekt SA, the Polish publisher of video games Cyberpunk 2077, has sued an investor who claims the company misled him about the potential of the difficulty game, the release of which this month caused the stock to fail.
Andrew Trampe sued a federal court in Los Angeles on Thursday and is seeking to represent other investors who bought the company’s securities.
The CD Project did not reveal that Cyberpunk 2077 is “virtually inaccessible on current-generation Xbox or PlayStation systems due to a huge number of bugs,” the complaint states. As a result, Sony. removed Cyberpunk 2077 from the PlayStation store and Sony, Microsoft. and the company was forced to offer a full refund for the game, the complaint said.
The company’s U.S. deposit accounts fell 25 percent in the three days after Cyberpunk 2077 was released on December 10. They fell another 16 percent after Sony removed the game from its PlayStation store on December 18.
Representatives of the CD Project did not respond to a request by e-mail for comment, sent after regular business hours.
The studio said last week that it had sold 13 million copies of its troubled game Cyberpunk 2077 by December 20, a figure that affects the number of refund requests the company has received.
The expected update on studio sales does not include return volume information, but only the net sales number. Cyberpunk was so tormented that Sony pulled the title out of its PlayStation store while Microsoft offered a full refund to Xbox users.
“This figure represents the estimated volume of retail sales on all hardware platforms (taking into account the returns that retail customers submit in bricks and digital shop windows), ie. The figure of the ‘sale’, reduced by all requests for return – sent directly to the company “, said CD Projekt in the regulatory application on Tuesday.
The sales figure is roughly half of the 12-month sales forecast in Bloomberg’s nine-analyst survey, which was done before Sony removed the game from its store. The game had more than 8 million pre-subscriptions before its debut on December 10, which caused online outrage among players frustrated by poor performance and falling CD Project stock prices.
© 2020 Bloomberg LP
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