The lawsuit is not confirmed to go through yet. The guy is looking into things. This is all speculation at this stage. Noone knows anything.
It will be up to the board of CDP to decide what kind of approach will they take from now on.
And I higly doubt we will see anything on that before near the end of January.
It will be up to the board of CDP to decide what kind of approach will they take from now on.
And I higly doubt we will see anything on that before near the end of January.
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I think a meteor ll come to the earth... someone say that on youtube... youtube... youtube... and some gossips sites...
I think a meteor ll come to the earth... someone say that on youtube... youtube... youtube... and some gossips sites...
Please. You can't sue someone because you lost money on a poor product launch or poor company performance. It certainly doesn't help your brand and reflects in your stock price but, suing for material misrepresentation? That's a tall order.
Yes you can, actually. When the poor product launch is due to literal misrepresentation. If investors had the same information feed consumers did, they definitely have the lawful right to sue. Because as consumers saw, "The game runs surprisingly well" was a straight up lie. Why do you think Sony removed them from the store? It's because Sony doesn't want to get sued. It's a very serious matter, and throughout history, we've seen companies get set on fire due to similar issues in other industries.
If investors stake money into a business under the belief the end result Is X, because that's what they've been told, and they get Y instead. Your company is fcked. And that's just facts, and the law.
That's not why he's suing. He's suing because he's saying that the Board of Directors purposely lied to their investors about the status of the game, specifically on Xbox and Playstation, in order to willful deceive them and make money. Which actually he may have a case, considering the Board has already admitted that they knew that it played poorly on Xbox and Playstation before release.
So while no you can't sue because you lost money or a poor product launch, you can be sued if you willfully deceived your investors in order to keep your stock up.
I don't think enough investors will sign up for the class action to go through, and I don't see them winning, but what I do see here is other potential investors seriously considering not investing in the company due to its increasing reputation loss, which can be even more damaging. Enough investors bail, and more don't come onboard to replace them, it can be rough.
This is what happens when you try to overreach and the chair on top of which you stand on your toes falls over.
The cookiejar is still up there, and now you have gaping wound and a hospitalbill to cover.
The cookiejar is still up there, and now you have gaping wound and a hospitalbill to cover.
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It's not about that this product is bugfest. It's about feeding wrong informations to the investors since January. CDPR Managment said since last January, that the game is finished and then it was delayed to April about to release. Now found out, that the product is not finished (why said "finished" almost one year ago). That's real dick move of Managment without class.
Well sure thing it is just youtube and not confirmed but when I would have lost so many money I would also be pissed and when someone offers me to sue those who seem to be faulty for it.. I would also try everything to get my money back. Fact.
exxxactly. Poor stock performance is one thing, lying is another. Based on what we know, and what CDPR has already admitted to, there is a strong case of some very harmful financial downfall in play. And we all know what happens when a gaming company loses it's investors.
Aliens: Colonial Marines.
Similar situation. Misrepresentation of product, lawsuits flew.
Let's just hope they don't actually follow through on this.
I'd rather CDPR not have to fight a legal battle that will drain it's funds away from fixing the game. I say this under the assumption that they will. If they don't, then by all means, sue them
I'd rather CDPR not have to fight a legal battle that will drain it's funds away from fixing the game. I say this under the assumption that they will. If they don't, then by all means, sue them
True but its still not easy. It's a bunch of he said, she said, and if you actually had a case from criminal misrepresentation, then CDPR would already be being investigated by the Financial Supervision Authority, which as far as anyone knows isn't happening.
Still it could go through, and they could win, it's just not going to be a very easy win.
Pure fantasy ... on the internet they debate law as if international law were resolved by gossip, guesswork, things completely outside the reality of the world and world trade treaties ...
The net accepts everything, unfortunately, this forum, despite its rules, too.
The net accepts everything, unfortunately, this forum, despite its rules, too.
I am kinda hoping that they will be able to come to an agreement. CDPR can still turn this around into a very profitable endevour. They need to earn the investor's trust just as much as the gamer's now.Let's just hope they don't actually follow through on this.
I'd rather CDPR not have to fight a legal battle that will drain it's funds away from fixing the game. I say this under the assumption that they will. If they don't, then by all means, sue them
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There is nothing fantasy about the guy debating taking it to court. How it will turn out, that is something we can't predict. But we can still speculate.
Yes, but then you're in the other camp, that disbelieves anything that goes against CDPR and this game. I'm not saying its true of not, but you have to admit, that while 50% of the people will believe thing bad against CDPR at this point, 50% will defend them to their dying breath, based on past work, hope, and fandom.
No, the lawsuit would be about giving false info to the stock owners.
Anyway, I sincerely doubt this will lead to anything major, except probably restructuring the CDPR management.