The disastrous release of CDPR's Cyberpunk 2077 in December 2020 was met with poor messaging, recriminations, and the seemingly inevitable: a class action lawsuit.

But while some wanted to sue the company for a faulty product, the primary legal action was brought by the company's investors who accused CD Projekt of not being honest with the state of the game behind the scenes or how it would be received upon release.

Now, nearly a year after those suits were filed, the game publisher has announced its entrance into a binding settlement term sheet. What does that process look like, and what did the company agree to pay?

At rates like these, perhaps the cyberjuice is worth the cybersqueeze...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/hqWZMUMHUqU

#Cyberpunk2077 #CDPR #Settlement

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Discussed in this episode:

"CD Projekt, CDPR, and Cyberpunk 2077: We Have a Reputation to Burn"

YouTube Playlist - Hoeg Law

https://www.youtube.com/playlist?list=PL1zDCgJzZUy8QxfJHOJGH8UsiYOqjwhq3

"CD Projekt Sued Over Alleged Cyberpunk Lies! Let's Read the Lawsuit! (VL379)"

YouTube Video - December 28, 2020 - Hoeg Law

https://youtu.be/_qXytLM4Gv8

Form of CDPR Lawsuit

The Rosen Law Firm

https://www.rosenlegal.com/media/casestudy/2267_Cd%20Projekt%20-%20Complaint%204849-9033-8517%20v.1.pdf

"CD PROJEKT S.A. (OTGLF) CEO Adam Kiciński on Q3 2020 Results - Earnings Call Transcript"

Seeking Alpha Transcript - November 25, 2020

https://seekingalpha.com/article/4391610-cd-projekt-s-otglf-ceo-adam-kicinski-on-q3-2020-results-earnings-call-transcript

"Keanu Reeves denies ever playing Cyberpunk, contrary to CD Projekt claims"

VGC - December 14, 2021

https://www.videogameschronicle.com/news/keanu-reeves-denies-ever-playing-cyberpunk-contrary-to-cd-projekt-claims/

CD Projekt Board Reports

https://www.cdprojekt.com/en/investors/regulatory-announcements/current-report-no-27-2021/

https://www.cdprojekt.com/en/investors/regulatory-announcements/current-report-no-43-2021/

https://www.cdprojekt.com/en/investors/regulatory-announcements/current-report-no-45-2021/

"CD Projekt Red made hundreds of millions on 'Cyberpunk 2077' despite the refunds"

Engadget - April 23, 2021

https://www.engadget.com/cd-projekt-red-cyberpunk-2077-2020-fiscal-year-earnings-040643067.html

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"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

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Twitter: @hoeglaw

Web: hoeglaw.com