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CD Projekt Deadline Alert

Newsfile Corp.
·2 min read

Securities Litigation Partner James Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In CD Projekt S.A. To Contact Him Directly To Discuss Their Options

New York, New York--(Newsfile Corp. - January 10, 2021) - 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") (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).

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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.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/71695