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Yeshu: It' literally one guy claiming to be a lawyer in on a law forum in Poland.
There has been a lot of nonsense talk, but besides that they are actually being sued in the US under the equities/federal securities laws.
Post edited January 03, 2021 by WinterSnowfall
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Greatly depends on how they go from here. They've done more damage to their reputation in the past month - both CDPR and GOG - than I think anyone thought possible. If that trend continues... well, a business hardly anyone wants to do business with doesn't stay in business, especially when BOTH the customers AND the stockholders are unhappy at the same time - and you can bet the stockholders are watching how the customers feel about CDPR far more closely than normal right now. CDPR has said they want to repair their reputation - but saying and doing are 2 different things. They don't have the sheer size of something like EA to keep them going if both of their current major projects nosedive due to e.g. not following through on restoring faith with the customerbase - EA and Actibliz rely on ludicrous microtransactions from e.g. FIFA to get through backlashes.

Could go either way. It's part of why I'm intently watching how they handle the fallout from not releasing Devotion, and of course all the CP77 furor. So far... I'm definitely concerned. Actions speak louder than words, and some of the actions they're taking are decidedly not the right direction to get through this.
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firstpastthepost: They didn’t lose a billion dollars. Their stock lost a billion dollars of market capitalization. Those aren’t the same thing. Even with the refunds they’ve cleared their costs on production and marketing for cyberpunk, at least as reported so far. That means the worst case scenario for them is breaking even, but more likely turning a small profit in the short term. The long term worst case scenario is that their reputation is hurt so badly that future projects don’t make money, but based on the fact that similar terrible launches for other brands haven’t killed them, I view that as unlikely.
Yea, still surprised that all these doomsday stories go around when the company just made a killing with its flagship title. Not sure what to make of these lawsuits, but I would think they mostly just aim to milk some money, possibly through out-of-court settlements just because they see an opening.
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Yeshu: It's a "we are looking into it" situation overblown by YouTube talking heads that need drama to keep there channels alive.
I figured. Lawsuits are slow, and take years. Within 6 months most of the patches and fixes will be in place making it moot.

Truthfully i don't see anything going on or happening, as all lost sales are bound to come back so long as CDPR is making fixes. Hello Games, saw a huge problem and backlash, but they eventually got their game finished and i think it's behind everyone.

Although if they wanted to do a lawsuit against the CEO's or those in charge that pushed an unfinished game and fine them rather than the company, by all means...

I don't know. Just have to see.
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Yeshu: It's a "we are looking into it" situation overblown by YouTube talking heads that need drama to keep there channels alive.
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rtcvb32: I figured. Lawsuits are slow, and take years. Within 6 months most of the patches and fixes will be in place making it moot.

Truthfully i don't see anything going on or happening, as all lost sales are bound to come back so long as CDPR is making fixes. Hello Games, saw a huge problem and backlash, but they eventually got their game finished and i think it's behind everyone.

Although if they wanted to do a lawsuit against the CEO's or those in charge that pushed an unfinished game and fine them rather than the company, by all means...

I don't know. Just have to see.
Fun Fact: Yes, at least one of the major securities lawsuits against CDPR (and last I checked, there are four) already names almost all of the top management of CDPR as individual defendants (with one conspicuous absence I assume they don't feel they have enough evidence against.) In other words... prison time of a year+ is not off the table if they don't settle out of court. And of course, that's a pretty darn good reason FOR CDPR to settle out of court, even if the lawyers are asking for a cripplingly large monetary value. If you want to know more, check youtube law channels like Hoeg Law.
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ChinaGovtIsFascist: Fun Fact: Yes, at least one of the major securities lawsuits against CDPR (and last I checked, there are four)
No there is only one, at least in the US, four law firms have started a class action, but if things goes further only one class action will take place and one of those four law firms will be chosen as main plaintiff.

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ChinaGovtIsFascist: In other words... prison time of a year+ is not off the table if they don't settle out of court.
Class action are civil lawsuit not criminal one. For them to risk jail time it would need to be a criminal one.
Post edited January 03, 2021 by Gersen
No because they are not going bankrupt and the investors don't want the company to fold because they have money still invested in them.
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ChinaGovtIsFascist: Fun Fact: Yes, at least one of the major securities lawsuits against CDPR (and last I checked, there are four)
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Gersen: No there is only one, at least in the US, four law firms have started a class action, but if things goes further only one class action will take place and one of those four law firms will be chosen as main plaintiff.

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ChinaGovtIsFascist: In other words... prison time of a year+ is not off the table if they don't settle out of court.
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Gersen: Class action are civil lawsuit not criminal one. For them to risk jail time it would need to be a criminal one.
Check the Polish and other suits. The US isn't the only country CDPR can be taken to court in.
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ChinaGovtIsFascist: Check the Polish and other suits. The US isn't the only country CDPR can be taken to court in.
Yes, but as far as I know only the US class action is in progress (at preliminary level at least), we haven't heard any news from the Polish forum dude yet (and even then the Polish one would be a civil lawsuit too, so no jail time).
Post edited January 03, 2021 by Gersen
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ChinaGovtIsFascist: Check the Polish and other suits. The US isn't the only country CDPR can be taken to court in.
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Gersen: Yes, but as far as I know only the US class action is in progress (at preliminary level at least), we haven't heard any news from the Polish forum dude yet (and even then the Polish one would be a civil lawsuit too, so no jail time).
Not all countries' securities laws are the same. The US may go light on fraud and only provide civil penalties, but Poland does in fact have CRIMINAL FELONY charges for certain types of securities violations. I believe the one being contemplated was misrepresentation and the lawyer going over it felt it was a fairly credible charge due to clear claims in official statements that the game was ready to ship when it was, in fact, verifiably not according to multiple witnesses. Naturally, being a comparatively small country, the vagaries of Polish law are less widely known globally.

All of which is PARTIALLY moot if they settle out of court to avoid that penalty and keep it quiet. It will probably not become well-known for that reason. The fact that felony charges were possible remains, though. And I suspect whatever forum you're referencing may be unrelated. Due to language-barrier and other issues, native Polish matters are less likely to get full global coverage.
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ChinaGovtIsFascist: Not all countries' securities laws are the same. The US may go light on fraud and only provide civil penalties, but Poland does in fact have CRIMINAL FELONY charges for certain types of securities violations.
Even if it's a criminal felony then it would need a criminal lawsuit to be started on top/separately of the civil one, and, for now at least, there never was mention of any criminal lawsuit, what the Polish lawyer wanted to start was a class action which is a civil one.
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ChinaGovtIsFascist: Not all countries' securities laws are the same. The US may go light on fraud and only provide civil penalties, but Poland does in fact have CRIMINAL FELONY charges for certain types of securities violations.
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Gersen: Even if it's a criminal felony then it would need a criminal lawsuit to be started on top/separately of the civil one, and, for now at least, there never was mention of any criminal lawsuit, what the Polish lawyer wanted to start was a class action which is a civil one.
...that... ...you... ...have... ...heard... ...of... ...elsewhere...

Do you really feel you have news of EVERY possible Polish lawsuit being contemplated re:this? You didn't even know they have criminal securities penalties.
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ChinaGovtIsFascist: Do you really feel you have news of EVERY possible Polish lawsuit being contemplated re:this? You didn't even know they have criminal securities penalties.
I never talked about criminal securities penalties, I just said that civil lawsuit, like the one that was to be started by the elusive Polish lawyer or the US class action, wouldn't result in any jail time.

And you do you have any official news that any criminal lawsuit was started in Poland ? or even any official news that the Polish class action was going forward ?

That's why I said that, for now, the only one that we know is moving forward is the US class action one.
Post edited January 03, 2021 by Gersen
A Lawsuit for that?. If someone doesn't like the game. Get a refund. Simple yes?.
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PixelBoy: It would actually be a good thing to separate GOG from the rest and make it a niche store that it once was. Some will disagree, but that's my opinion. GOG would also benefit from being someone's primary business, rather than being a side project of a bigger company.
I've never looked at the problem from this perspective. It sounds smart.
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thefallenalchemist: But profits were low last year for GOG and CDPR just lost a billion dollars, not to mention their stock prices sinking. .
Do you know what speculation is? Check some basic factors for CDP shares before C2077 was released. It's one of the most overpriced and most played companies on Polish stock exchange (which is not very deep, to be honest). Even if C2077 was an outstanding success, you should expect some investors to take their profit and leave the market. Nothing extraordinary, the same story is happening with all big events, which help gather money from "the street".