CD PROJEKT SHAREHOLDER ALERT
NEW YORK - (NewMediaWire) - December 29, 2020 - Faruqi & Faruqi, LLP, a leading minority and certified woman-owned national securities law firm, is investigating potential claims against CD Projekt S.A. (“CD Projekt” or the “Company”) (Other OTC:OTGLF).
If you suffered losses exceeding $50,000 investing in CD Projekt stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/OTGLF or call Faruqi & Faruqi partner James Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
There is no cost or obligation to you.
On
January 17, 2020, CD
Projekt announced a five-month delay
in the launch of its videogame Cyberpunk 2077 from April 2020 to September
2020, but tweeted that the “game
is complete and playable.” Cyberpunk 2077 was finally released on
December 10, 2020 and immediately became the subject of reports by players that
Cyberpunk 2077 was defective due to numerous bugs and problems.
Then,
on December 18, 2020, Bloomberg reported that Sony had
announced it was pulling Cyberpunk 2077 from its PlayStation Store and offering
full refunds to players following a wave of complaints about the long-awaited
title. In a Twitter post the same day, the Company said that “following our
discussion with PlayStation, a decision was made to temporarily suspend digital
distribution” of the game. Market Insider also reported on CD Projekt's
"Cyberpunk 2077" game launch on December 18, 2020. The report quotes the Company's co-CEO as
saying during an analyst call that "after three delays, we were too
focused on releasing the game," and "we ignored signals about the
need for additional time to refine the game on the base last-gen
consoles."
On this news, the Company’s stock fell, over two
trading sessions, from $88.00 per share on December 17, 2020 to $71.00 on
December 21, 2020: a $17.00 or 19.32% drop.
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