The release of CD Projekt Red's Cyberpunk 2077 has resulted in what was quickly becoming inevitable: a class action lawsuit.
But what did CDPR know and when did they know it?
Why is the filed complaint not likely to be indicative of what CDPR is really facing?
And just why are lawyers always in such a hurry to file these kind of actions anyway? (Hint: The answer is 'money'.)
Let's dive in.
Yeah, that's a 'BINGO'...in Virtual Legality.
#Cyberpunk2077 #CDPR #Lawsuit
Discussed in this episode:
"CD Projekt, CDPR, and Cyberpunk 2077: We Have a Reputation to Burn"
YouTube Playlist - Hoeg Lawhttps://www.youtube.com/playlist?list=PL1zDCgJzZUy8QxfJHOJGH8UsiYOqjwhq3
"Cyberpunk 2077: Will CD Projekt (CDPR) be Sued for Fraud? (VL376)"
YouTube Video - December 21, 2020 - Hoeg Lawhttps://youtu.be/m-0RdPRpxqs
"Employment of manipulative and deceptive devices."
Form of CDPR Lawsuit
The Rosen Law Firmhttps://www.rosenlegal.com/media/casestudy/2267_Cd%20Projekt%20-%20Complaint%204849-9033-8517%20v.1.pdf
As filed December 24, 2020https://www.scribd.com/document/489078061/Cyberpunk-2077-class-action-via-Polygon
"US Securities Class Actions: A Guide to the Initial Stages"
JD Supra - May 27, 2020https://www.jdsupra.com/legalnews/us-securities-class-actions-a-guide-to-65994/
"Private securities litigation"
15 USC 78u-4https://www.law.cornell.edu/uscode/text/15/78u-4
"We have important news..."
Tweet - January 16, 2020 - CD Projekt Redhttps://twitter.com/CDPROJEKTRED/status/1217861009446182912
"CDPR's Cyberpunk Damage Control Call: Corpos Searching for Answers (VL371)"
YouTube Video - December 15, 2020 - Hoeg Lawhttps://youtu.be/n7uzzQ7SV-0
CDPR Cyberpunk Launch Teleconference Transcript
December 14/15, 2020https://www.cdprojekt.com/en/wp-content/uploads-en/2020/12/call-transcript_en.pdf
"Liability of controlling persons and persons who aid and abet violations"
15 USC 78(t) (Exchange 20(a))https://www.law.cornell.edu/uscode/text/15/78t
"Estimating Recoverable Damages in Rule 10b-5 Securities Class Actions"
"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).
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