CD Projekt Red Apologizes For Hiding Base Console Performance- Offers Refunds

[DonFerrari]

EnricoPallazzo said:

DonFerrari said:

And seems like shareholders are looking to sue CDPR for the losses over the lies and problems.

They should because losses happen, sometimes you do everything right and the game just dont sell. But in this case people were buying shares of the company based on the information they were releasing, and you can see in shareholders meetings that they clearly sent the message the game was running well and the game would be released when ready. Once you decide to go public the stakes are much higher.

Yep. I don't know if they truly will and sure no one can ensure they will win. But yes when you give public information to investors/shareholders you are responsible for it, as you said you may make a very good plan and it may fail an all be in good faith, that loss can't be recovered by suing. But when the public information was false and it make you incur in loss then you have a course of action imho.

https://www.tellerreport.com/life/2020-12-22-%0A---shareholders-can-sue-%22cyberpunk%22-creators%0A--.B1ZHimzJpD.html#:~:text=The%20storm%20surrounding%20the%20big,sued%2C%20several%20media%20outlets%20report.

https://www.tweaktown.com/news/76859/law-firms-are-ready-to-sue-cyberpunk-2077-dev-on-grounds-of-deception/index.html

https://www.eurogamer.net/articles/2020-12-20-cd-projekt-investors-may-sue-over-cyberpunk-2077s-materially-misleading-information

And luckily CDPR and platform holders were fast on the refunds, because a class action from customers was also very likely.