Polish consumer‑protection agency (UOKiK) opens investigation into CD PROJEKT over Cyberpunk 2077 launchMEDIUM
Urząd Ochrony Konkurencji i Konsumentów (UOKiK) has launched a formal investigation into CD PROJEKT Red concerning alleged misleading statements and inadequate remediation of the buggy launch of Cyberpunk 2077.
Urząd Ochrony Konkurencji i Konsumentów, Poland’s consumer protection agency, is investigating CD Projekt Red over Cyberpunk 2077’s disastrous launch.
Class‑action securities‑fraud lawsuit filed against CD PROJEKT in U.S. federal courtHIGH
A civil class‑action complaint was filed in the United States District Court for the Central District of California alleging that CD PROJEKT misled investors about the state of Cyberpunk 2077, causing material losses.
The plaintiffs call for the court to adjudicate whether the actions undertaken by the Company and members of its Management Board in connection with the release of Cyberpunk 2077 constituted a violation of federal laws, i.a. by misleading investors and, consequently, causing them to incur damages.
Potential administrative fine of up to 10 % of annual revenue for CD PROJEKTHIGH
Regulatory authorities indicated they could impose a fine equal to as much as 10 % of CD PROJEKT’s annual revenue if the investigation finds the company failed to adequately address the Cyberpunk 2077 issues.
If, by the end of the investigation, the office finds that CD Projekt Red has not done enough to improve the state of Cyberpunk 2077, it can impose a fine against CDPR equal to as much as 10 percent of the company's annual revenue.
CRIMINAL(1)
Postępowanie karne w sprawie ataku hakerskiego na CD Projekt REDHIGH
Prokuratura Rejonowa dla Warszawy – Pragi Północ objęła nadzorem postępowanie przygotowawcze w sprawie bezprawnego uzyskania dostępu do informacji zawartych w zasobach serwerów CD Projekt RED S.A. Dochodzenie dotyczy włamania na serwery spółki i kradzieży danych, w tym kodów źródłowych gier.
W środę 10 lutego nadzór nad postępowaniem przygotowawczym objęła Prokuratura Rejonowa dla Warszawy –Pragi Północ. Dochodzenie wszczęto w sprawie 'bezprawnego uzyskania, nie później niż 8 lutego, dostępu do nieprzeznaczonych dla sprawcy informacji zawartych w zasobach serwerów CD Projekt RED S.A.'.
GOVERNANCE(1)
CD Projekt Under Investigation By Polish Authorities Over Botched Cyberpunk 2077 LaunchMEDIUM
The Polish Office of Competition and Consumer Protection is investigating CD Projekt Red over the launch of Cyberpunk 2077. The investigation focuses on the confusion surrounding the game's launch, the company's actions, and how they are working on patches or solving issues preventing play on various consoles. The authority is also checking the steps CD Projekt Red is taking regarding refunds for customers who are not happy with their purchase.
The Polish Office of Competition and Consumer Protection is asking CD Projekt Red for an explanation regarding problems with the game and actions taken by them. They will check how the developer is working on patches or solving issues preventing playing on various consoles but also what steps the company is planning to take regarding people who requested refunds and are not happy with their purchase.
REPUTATIONAL(4)
CD Projekt CEO Recognizes the Company's Immaculate Reputation May Be Gone Forever After Cyberpunk 2077MEDIUM
CD Projekt joint CEO Michał Nowakowski stated that the company's reputation may never fully recover after the problematic launch of Cyberpunk 2077.
"It's a certain perception of the company that's never going to come back," said Michał Nowakowski, CD Projekt joint CEO.
Cyberpunk 2077 PR ComebackMEDIUM
Analysis of the public‑relations crisis triggered by Cyberpunk 2077’s launch, describing the technical flaws, loss of trust and subsequent damage to CD Projekt Red’s reputation.
"The launch of Cyberpunk 2077 was undoubtedly a disaster. The sheer number of technical flaws and performance issues damaged the game’s credibility and left a negative impression on players."
'Cyberpunk 2077' Director Admits CD Projekt Red's Reputation May Never Fully Recover From Game's Disastrous Launch, But He Remains Optimistic: "We Need To Show Up"MEDIUM
Interview with a CD Projekt Red director acknowledging that the company's reputation may never fully rebound after the Cyberpunk 2077 launch, while emphasizing the need to move forward.
How CD Projekt Red Squandered A Decade of Good WillHIGH
Opinion piece linking CD Projekt Red’s reputational decline to alleged poor working conditions, misleading statements to consumers and perceived discriminatory practices.
"CD Projekt Red’s inhumane working conditions, their boldfaced lies to consumers, and their callous disregard towards how their media presence has harmfully impacted minorities have completely tarnished this game for me."
TRANSACTIONAL(3)
CD Projekt issues ADRs to raise $500 k in capitalMEDIUM
CD Projekt S.A. filed a Form F‑6 with the U.S. SEC to register 10 million American Depositary Receipts, representing a total offering price of $500 000, as part of a capital‑raising transaction.
The SEC filing dated February 21, 2020 shows CD Projekt S.A. registering 10 million ADRs with a proposed maximum offering price of $0.05 per share, amounting to a total aggregate offering price of $500 000.
CD Projekt settles US class‑action lawsuit over Cyberpunk 2077 refundsHIGH
CD Projekt S.A. agreed to pay a $5.5 million settlement to resolve a U.S. class‑action lawsuit alleging the company misled consumers about the quality of Cyberpunk 2077 and failed to provide promised refunds.
On September 15, 2022 CD Projekt S.A. announced it had reached a $5.5 million settlement to resolve the case 2:20‑cv‑11627, a class‑action lawsuit filed in the U.S. District Court alleging the company misrepresented the playability of Cyberpunk 2077 and failed to provide refunds to purchasers.
UOKiK imposes 1.5 million PLN fine on CD Projekt for misleading advertisingHIGH
Poland’s consumer protection authority (UOKiK) fined CD Projekt S.A. 1.5 million PLN for deceptive marketing practices related to the launch of Cyberpunk 2077, citing false statements about the game's performance and availability.
Date: 2023-03-10
Status: rejected
Rejection Reason: URL Validation failed: SIMPLE: HTTP 404 Not Found
On March 10, 2023 the Office of Competition and Consumer Protection (UOKiK) announced a 1.5 million PLN penalty against CD Projekt S.A. for misleading advertising concerning Cyberpunk 2077, stating that the company’s statements about the game’s stability were false and caused consumer harm.
Extracted Facts (12)
The Polish Office of Competition and Consumer Protection (UOKiK) has opened a formal investigation into CD PROJEKT Red. The probe concerns alleged misleading statements and inadequate remediation of the buggy launch of Cyberpunk 2077. The investigation is currently ongoing.80%
ADVERSE_MEDIA
Cost: $0.005150
CD PROJEKT is named as a defendant in a civil class‑action lawsuit filed in the United States District Court for the Central District of California. The complaint alleges that the company misled investors about the condition of Cyberpunk 2077. The lawsuit claims that investors suffered material losses as a result.70%
ADVERSE_MEDIA
Cost: $0.005150
Regulatory authorities have indicated that CD PROJEKT could face an administrative fine of up to ten percent of its annual revenue. The fine would be imposed if the investigation determines the company failed to adequately address Cyberpunk 2077 issues. The sanction is currently pending.60%
ADVERSE_MEDIA
Cost: $0.005150
Prokuratura Rejonowa dla Warszawy – Pragi Północ nadzoruje postępowanie przygotowawcze w sprawie nielegalnego uzyskania dostępu do serwerów CD Projekt RED S.A. Dochodzenie dotyczy włamania na serwery spółki oraz kradzieży danych, w tym kodów źródłowych gier. Postępowanie jest w toku od 10 lutego 2021 roku.100%
CRIMINAL
Cost: $0.017692
The Polish Office of Competition and Consumer Protection is investigating CD Projekt Red over the launch of Cyberpunk 2077. The investigation focuses on the confusion surrounding the game's launch. It also examines the company's actions regarding patches and issue resolution.100%
GOVERNANCE
Cost: $0.010802
The authority is checking the steps CD Projekt Red is taking regarding refunds for customers who are not satisfied with their purchase. The investigation into refund policies is part of the ongoing review. The investigation was reported on 2021-01-11.100%
GOVERNANCE
Cost: $0.010802
Michał Nowakowski, współprezes CD Projekt, stwierdził, że reputacja firmy może nigdy w pełni się nie odbudować po problematycznym starcie gry Cyberpunk 2077. To oświadczenie pojawiło się w artykule „CD Projekt CEO Recognizes the Company's Immaculate Reputation May Be Gone Forever After Cyberpunk 2077”. Wskazuje to na poważne zagrożenie wizerunku przedsiębiorstwa.100%
REPUTATIONAL
Cost: $0.003902
Analiza kryzysu PR wywołanego premierą Cyberpunk 2077 opisuje liczne wady techniczne gry, utratę zaufania konsumentów oraz uszkodzenie reputacji CD Projekt Red. Dokumentuje to artykuł „Cyberpunk 2077 PR Comeback”. Wskazuje to na znaczący wpływ problemów technicznych na postrzeganie marki.100%
REPUTATIONAL
Cost: $0.003902
Dyrektor CD Projekt Red przyznał, że reputacja firmy może nigdy w pełni się nie odbudować po katastrofalnym starcie Cyberpunk 2077. W wywiadzie opisanym w artykule „'Cyberpunk 2077' Director Admits CD Projekt Red's Reputation May Never Fully Recover From Game's Disastrous Launch, But He Remains Optimistic: \"We Need To Show Up\"" podkreślił potrzebę dalszego działania. Pomimo pesymistycznej oceny, wyraził optymizm co do przyszłości marki.100%
REPUTATIONAL
Cost: $0.003902
Opinia wskazuje, że spadek reputacji CD Projekt Red jest powiązany z rzekomymi złymi warunkami pracy, wprowadzającymi w błąd oświadczeniami wobec konsumentów oraz domniemaną dyskryminacją. Autor artykułu „How CD Projekt Red Squandered A Decade of Good Will” łączy te czynniki z utratą zaufania publicznego. Są to zarzuty, które nie zostały jednoznacznie potwierdzone.60%
REPUTATIONAL
Cost: $0.003902
CD Projekt S.A. agreed to pay a $5.5 million settlement. The payment resolves a U.S. class‑action lawsuit. The lawsuit alleged the company misled consumers about the quality of Cyberpunk 2077 and failed to provide promised refunds.100%
TRANSACTIONAL
Cost: $0.008622
CD Projekt S.A. filed a Form F‑6 with the U.S. SEC to register 10 million American Depositary Receipts. The ADR offering had a total price of $500 000. The registration was part of a capital‑raising transaction.100%