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OTGLY.US
id: 556, Created by Stan Vick Chase, Scout
CD Projekt S.A. (OTGLY) Securities Litigation $1.85M Settlement
Pending settlement
16 January 2020
Class period Start17 December 2020
Class period End02 May 2023
Claim deadlineCD 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
Case number
20-CV-11627
Filing date
24 December 2020
Lead plaintiff
James W. Gordley
Attorney
The Rosen Law Firm, P.A. (Los Angeles, CA)
Defendants
Adam Michal Kiciński, Marcin Iwiński, Piotr Marcin Nielubowicz, Michał Nowakowski
Court
Central District of California
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
Total Settlement Amount