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OTGLY.US
id: 556

CD Projekt S.A. (OTGLY) Securities $1.85M Settlement

It is still possible to file a late claim. The court will decide whether to accept late claims or not.
C.D. California
Court
20-CV-11627
Case number
16 Jan 2020
Class period Start
17 Dec 2020
Class period End
02 May 2023
Claim deadline

CD Projekt S.A. (OTGLY) agreed to pay $1.85 million to settle a securities class action lawsuit to avoid further litigation.


The Complaint alleged the Company and its Leaders made false and/or misleading statements and/or failed to disclose that Cyberpunk 2077 was virtually unplayable on the current-generation Xbox or Playstation systems due to an enormous number of bugs.
Alleged Offence
Other
Suspected Party
Other
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Filing date
24 December 2020
Plaintiffs
James W. Gordley
Attorneys
The Rosen Law Firm, P.A. (Los Angeles, CA)
Defendants
Adam Michal Kiciński, Marcin Iwiński, Piotr Marcin Nielubowicz, Michał Nowakowski
Judge
Hon. Fernando M. Olguin
Administrator
Strategic Claims Services
Court hearing date
01 June 2023
Exclusion deadline
07 April 2023
Objection deadline
07 April 2023
Hearing deadline
28 April 2023
+$1,850,000
Cash Settlement Amount

CD Projekt SA

CD Projekt S.A., together its subsidiaries, engages in the development, publishing, and digital distribution of videogames for personal computers and video game consoles in Poland. The company oper...

    Ticker
    OTGLY.US
    ISIN
    US1251051066
    Sector
    Communication Services
    Industry
    Electronic Gaming & Multimedia
    Country
    USA
    Address
    ul. Jagiellonska 74, Warsaw, Poland, 03-301