{"id":405199,"date":"2020-12-23T10:40:44","date_gmt":"2020-12-23T15:40:44","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405199"},"modified":"2020-12-23T10:40:44","modified_gmt":"2020-12-23T15:40:44","slug":"shareholder-alert-rigrodsky-long-p-a-announces-investigation-of-cd-projekt-s-a","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-rigrodsky-long-p-a-announces-investigation-of-cd-projekt-s-a\/","title":{"rendered":"SHAREHOLDER ALERT: Rigrodsky &amp; Long, P.A. Announces Investigation of CD Projekt S.A."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">WILMINGTON, Del., Dec.  23, 2020  (GLOBE NEWSWIRE) &#8212; <\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=w9hmS_S929Lg5y43ZZlgQFarZ2fZjydOspNzmcMOUhQsS4nDUxKhvW0-PmXhloAuGHoMRkXLqu7xuf2nVrUk6FgyoU34YhjjPaM09THj7CY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Rigrodsky &amp; Long, P.A.<\/a> announces an investigation of potential securities claims on behalf of shareholders of CD Projekt S.A. (\u201cCD Projekt\u201d or the \u201cCompany\u201d) (OTC: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8ACa-76P7kwYPqKSmUb98kIYSDpCq_0753pswW9JoM_eQoyhqvqmPsb3P0irT5MjbFIA9ErdmxqlYXoYH5oDms9gE1W1yPBVrG7sgK9p6rg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">OTGLY<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IP4yGY54LkBh5QcNegbGtK2nvhGGgwkaUNs6qX40uh-jriUMcgVAW1548JYoddio-x0Mc_l7u1td9ULCDmmxTKWudL1tBsqgD-hq_657JWk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">OTGLF<\/a>) resulting from allegations that the Company may have issued materially misleading information and\/or failed to disclose material information to the investing public.<\/p>\n<p align=\"justify\">To learn more about this investigation and your rights, visit: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MZommLy2VgKye-E-jyHCJUEuAKSmLDdURGJgqv_1Te036kv3FysVonj8lxlZoN-61FH2sO9XSTxZRwyEgH_JtzhBMBQUbvY-VbTg9zEL5w_IqlFm_BEX-0G9CGb0_k1fVRfiiVyP6ib-6iV-p-KaZQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/rl-legal.com\/cases-cd-projekt-sa<\/a>.<\/p>\n<p align=\"justify\">You may also contact Seth D. Rigrodsky, Timothy J. MacFall, or Vincent A. Licata cost and obligation free at (888) 969-4242 or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4iZTqkceg0I6lrVyQzlXdstRARVyx3AfeAHOCqgj-SyqWe7j0eKYQ7C3Hv3Yq8Sem0--r-CCUM14rAD2UJm97Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@rl-legal.com<\/a>.<\/p>\n<p align=\"justify\">On December 10, 2020, CD Projekt released Cyberpunk 2077, the Company\u2019s much anticipated futuristic role-playing video game. Though the Company originally planned to release Cyberpunk 2077 in April 2020, CD Projekt pushed the release back three times, citing a need to prepare the game for next generation Xboxes and PlayStations. Notwithstanding these delays, the Company and its executives claimed, for at least the past year, that Cyberpunk 2077 was \u201ccomplete and playable.\u201d In a January 2020 press release, the Company stated the first delay was only needed to \u201cmake the game perfect.\u201d<\/p>\n<p align=\"justify\">However, it was ultimately revealed that underlying deficiencies rendered Cyberpunk 2077 completely unplayable on older generation consoles such as PlayStation 4 (\u201cPS4\u201d) and Xbox One. The Company issued an immediate apology and explanation stating, \u201c[w]e should have paid more attention to making it play better on PS4 and Xbox One.\u201d Adam Kicinski, Co-Chief Executive Officer and Chairman of the Company\u2019s Board of Directors stated, \u201c[a]fter three delays, we were too focused on releasing the game.\u201d He admitted the Company \u201cignored the signals about the need for additional time to refine the game on the base last-gen consoles [and that] [i]t was the wrong approach and against our business philosophy.\u201d These events culminated in Sony\u2019s unprecedented decision to remove Cyberpunk 2077 from the PlayStation marketplace, causing the Company\u2019s stock to plummet 22% on December 18, 2020.<\/p>\n<p align=\"justify\">Cyberpunk 2077\u2019s release revealed CD Projekt and its executives made materially false and misleading statements and\/or omissions of material fact about the Company\u2019s business, operations, and prospects in the time leading up to Cyberpunk 2077\u2019s release. As a result of these statements and omissions, CD Projekt\u2019s American depository shares traded at artificially inflated prices.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=w9hmS_S929Lg5y43ZZlgQFarZ2fZjydOspNzmcMOUhSq-twrUQPyktBT0XmrcSVMhXPNRXmAp-_35w_Ph_Iud0LaoZa_x8hUX1W0kNa4Oc0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Rigrodsky &amp; Long, P.A.<\/a>, with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VBlxdNRE1fogs4fudU9WKarxFHzqFzHQmq78wwNG5R0wfut2rIVXA190-42DjlIdpE-GszlpG5Lo-rkOyhN7Bqg22Uu7xdFbhbbRW7Lwl-0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">securities fraud <\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Lp01kh7bttJzX25gkCrEeflzwROd4th5iT8RKIAoLG7Ys9kyPmhWFAUKdVMj6m8B8V67ug7oCnRjsyQjxLNhh4NshnRdftYtqjZgfHBzJrLLFRf--PJlFJc8D5S-7686\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">and corporate class <\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EB3QjzkOWoEU5Q4egNG2AbNFqrC-0WIeBkgDk8Gdzb2xzKbARyHVy0t2F48YyyiESD8pFCeDbP-ynG08ZjLjmgdaLNsfcnQ-vwWzPjPF2U4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">actions<\/a> nationwide.<\/p>\n<p>Attorney advertising.\u00a0 Prior results do not guarantee a similar outcome.<\/p>\n<p>CONTACT:<\/p>\n<p>Rigrodsky &amp; Long, P.A.<br \/>Seth D. Rigrodsky<br \/>Timothy J. MacFall<br \/>Vincent A. Licata<br \/>(888) 969-4242 (Toll Free)<br \/>(516) 683-3516<br \/>Fax: (302) 654-7530<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4iZTqkceg0I6lrVyQzlXdqhWG1dx3gg0MNQwH9CYn5GHKPRmsRIfTOIWLHPKtPNNiCf7fc7VvF_J0ac4YymMo6Z5H26RtlmXE1ZLZ9sVJ7I=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@rl-legal.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MZommLy2VgKye-E-jyHCJXXq4HI4ZENqQOQXECnt2Z1OCmrytIsz5df9JJwpeY7JtKbmM455-zqStXOVRyr84Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/rl-legal.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNzEyMCMzODk0OTI2IzIwMjg5Nzc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/5b6b8f4d-79b0-4047-a29b-23a40259c192\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WILMINGTON, Del., Dec. 23, 2020 (GLOBE NEWSWIRE) &#8212; Rigrodsky &amp; Long, P.A. announces an investigation of potential securities claims on behalf of shareholders of CD Projekt S.A. (\u201cCD Projekt\u201d or the \u201cCompany\u201d) (OTC: OTGLY, OTGLF) resulting from allegations that the Company may have issued materially misleading information and\/or failed to disclose material information to the investing public. To learn more about this investigation and your rights, visit: https:\/\/rl-legal.com\/cases-cd-projekt-sa. You may also contact Seth D. Rigrodsky, Timothy J. MacFall, or Vincent A. Licata cost and obligation free at (888) 969-4242 or info@rl-legal.com. On December 10, 2020, CD Projekt released Cyberpunk 2077, the Company\u2019s much anticipated futuristic role-playing video game. Though the Company originally planned to release Cyberpunk 2077 in April 2020, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-rigrodsky-long-p-a-announces-investigation-of-cd-projekt-s-a\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Rigrodsky &amp; Long, P.A. Announces Investigation of CD Projekt S.A.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405199","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Rigrodsky &amp; Long, P.A. Announces Investigation of CD Projekt S.A. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-rigrodsky-long-p-a-announces-investigation-of-cd-projekt-s-a\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Rigrodsky &amp; Long, P.A. Announces Investigation of CD Projekt S.A. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WILMINGTON, Del., Dec. 23, 2020 (GLOBE NEWSWIRE) &#8212; Rigrodsky &amp; Long, P.A. announces an investigation of potential securities claims on behalf of shareholders of CD Projekt S.A. (\u201cCD Projekt\u201d or the \u201cCompany\u201d) (OTC: OTGLY, OTGLF) resulting from allegations that the Company may have issued materially misleading information and\/or failed to disclose material information to the investing public. To learn more about this investigation and your rights, visit: https:\/\/rl-legal.com\/cases-cd-projekt-sa. You may also contact Seth D. Rigrodsky, Timothy J. MacFall, or Vincent A. Licata cost and obligation free at (888) 969-4242 or info@rl-legal.com. On December 10, 2020, CD Projekt released Cyberpunk 2077, the Company\u2019s much anticipated futuristic role-playing video game. Though the Company originally planned to release Cyberpunk 2077 in April 2020, &hellip; Continue reading &quot;SHAREHOLDER ALERT: Rigrodsky &amp; Long, P.A. 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Announces Investigation of CD Projekt S.A. - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-rigrodsky-long-p-a-announces-investigation-of-cd-projekt-s-a\/","og_locale":"en_US","og_type":"article","og_title":"SHAREHOLDER ALERT: Rigrodsky &amp; Long, P.A. Announces Investigation of CD Projekt S.A. - Market Newsdesk","og_description":"WILMINGTON, Del., Dec. 23, 2020 (GLOBE NEWSWIRE) &#8212; Rigrodsky &amp; Long, P.A. announces an investigation of potential securities claims on behalf of shareholders of CD Projekt S.A. (\u201cCD Projekt\u201d or the \u201cCompany\u201d) (OTC: OTGLY, OTGLF) resulting from allegations that the Company may have issued materially misleading information and\/or failed to disclose material information to the investing public. To learn more about this investigation and your rights, visit: https:\/\/rl-legal.com\/cases-cd-projekt-sa. You may also contact Seth D. Rigrodsky, Timothy J. MacFall, or Vincent A. Licata cost and obligation free at (888) 969-4242 or info@rl-legal.com. On December 10, 2020, CD Projekt released Cyberpunk 2077, the Company\u2019s much anticipated futuristic role-playing video game. Though the Company originally planned to release Cyberpunk 2077 in April 2020, &hellip; Continue reading \"SHAREHOLDER ALERT: Rigrodsky &amp; Long, P.A. Announces Investigation of CD Projekt S.A.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-rigrodsky-long-p-a-announces-investigation-of-cd-projekt-s-a\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-23T15:40:44+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNzEyMCMzODk0OTI2IzIwMjg5Nzc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-rigrodsky-long-p-a-announces-investigation-of-cd-projekt-s-a\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-rigrodsky-long-p-a-announces-investigation-of-cd-projekt-s-a\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Rigrodsky &amp; Long, P.A. 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