RM LAW Announces Class Action Lawsuit Against CD Projekt S.A. | State

BERWYN, Well. , January 8, 2021 / PRNewswire / – RM LAW, PC announces that it has filed a class action lawsuit on behalf of any person or entity that has purchased securities from CD Projekt SA (“CD Projekt” or the “Company”) (OTC BB: OTGLF, OTGLY) was during the period of January 16, 2020 by 17th December 2020 inclusive (the “lesson”).

CD Projekt shareholders are allowed to do so at the latest February 22, 2021 move the court to appoint the class lead plaintiff. If you have purchased shares in CD Projekt and would like to learn more about these claims, or if you would like to discuss these matters and have questions about this announcement or your rights, please contact Richard A. Maniskas, Esquire toll free at (844) 291-9299 or to register online, click here.

The complaint alleges that throughout the classroom the defendants made false and / or misleading statements and / or failed to disclose that: (1) Cyberpunk 2077 on the current generation Xbox or Playstation systems due to an enormous number of Errors was practically unplayable; (2) As a result, Sony would remove Cyberpunk 2077 from the Playstation store and Sony, Microsoft, and CD Projekt would be forced to offer full refunds for the game. (3) As a result, CD Projekt would suffer damage to its reputation and property. and (4) as a result, Defendants’ statements about their business, operations and prospects were materially false and misleading and / or were unfounded at all relevant times. When the real details hit the market, the lawsuit alleged that investors suffered damage.

On December 14, 2020The company held a conference call in response to criticism of providing an unplayable, buggy product on current generation video game consoles. After the conference call, the company’s ADRs fell from its end $ 27.68 on December 9, 2020 to close at $ 20.75 on December 14, 2020a drop $ 6.93 or 25% over 3 trading days, which harms investors. During the same period, CD Projekt’s common share price fell $ 21.65 per share or 20.1% to close at $ 86.00 on December 14, 2020, harmful investors.

Then next December 18, 2020Sony issued a statement on the Playstation website that it would “offer a full refund to all players who purchased Cyberpunk 2077 through the PlayStation Store” and “remove Cyberpunk 2077 from the Playstation Store until further notice”. Microsoft also announced that it would offer refunds for the game.

In the news, CD Projekt’s ADR price fell $ 3.44 per share or 15.8% to 18.40 per ADR am December 18, 2020, harmful investors. CD Projekt’s common stock fell $ 9.20 per share or 10.45% to close at $ 78.80 on December 18, 2020, harmful investors.

If you are a member of the class, you can at the latest February 22, 2021 Ask the court to appoint you as the lead plaintiff for the class. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute. To be named lead plaintiff, the court must determine that the class member’s claim is typical of the claims of other class members and that the class member is adequately representing the class. In certain circumstances, one or more class members may act together as the “lead plaintiff”. However, your ability to get involved in a recovery will not be affected by whether or not you will be the lead plaintiff. You can keep RM LAW, PC, or any other lawyer of your choice to act as your lawyer in this promotion.

For further information please contact RM LAW, PC (Richard A. Maniskas, Esquire) toll free at (844) 291-9299 or by email at rm@maniskas.com or click here. For more information on class actions in general, or to learn more about RM LAW, PC, please visit our website by clicking here.

RM LAW, PC is a national law firm for shareholders. RM LAW, PC is dedicated to protecting the interests of individual and institutional investors in shareholder claims in state and federal courts across the country.

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