{"id":410033,"date":"2021-01-06T21:12:27","date_gmt":"2021-01-07T02:12:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=410033"},"modified":"2021-01-06T21:12:27","modified_gmt":"2021-01-07T02:12:27","slug":"glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-investigation-of-cd-projekt-s-a-otglf-otgly-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-investigation-of-cd-projekt-s-a-otglf-otgly-on-behalf-of-investors\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of CD Projekt S.A. (OTGLF, OTGLY) on Behalf of Investors"},"content":{"rendered":"<p>        <!--.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of CD Projekt S.A. (OTGLF, OTGLY) on Behalf of Investors<\/b><\/p>\n<p>LOS ANGELES&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.glancylaw.com%2F&amp;esheet=52357850&amp;newsitemid=20210106005923&amp;lan=en-US&amp;anchor=Glancy+Prongay+%26amp%3B+Murray+LLP&amp;index=1&amp;md5=0ef020b2930c53472bda39f531bc0c13\">Glancy Prongay &amp; Murray LLP<\/a> (\u201cGPM\u201d), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of CD Projekt S.A. (\u201cCD Projekt\u201d or the \u201cCompany\u201d) (OTC: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FOTGLF&amp;esheet=52357850&amp;newsitemid=20210106005923&amp;lan=en-US&amp;anchor=OTGLF&amp;index=2&amp;md5=53733737145a5aa61dbb2f38a0c4439b\">OTGLF<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FOTGLY&amp;esheet=52357850&amp;newsitemid=20210106005923&amp;lan=en-US&amp;anchor=OTGLY&amp;index=3&amp;md5=64d212c341811edb3c075151ad71f8dc\">OTGLY<\/a>) investors concerning the Company\u2019s possible violations of the federal securities laws.\n<\/p>\n<p>\nIf you suffered a loss on your CD Projekt investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fcd-projekt-sa%2F&amp;esheet=52357850&amp;newsitemid=20210106005923&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fcd-projekt-sa%2F&amp;index=4&amp;md5=7c7a5d001faa08915d92b6a40892b116\">https:\/\/www.glancylaw.com\/cases\/cd-projekt-sa\/<\/a>. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a rel=\"nofollow\" href=\"mailto:shareholders@glancylaw.com\">shareholders@glancylaw.com<\/a> to learn more about your rights.\n<\/p>\n<p>\nCD Projekt develops and distributes videogames worldwide. Cyberpunk 2077 is an \u201copen world, narrative-driven role-playing game\u201d that was slated to be released in April 2020.\n<\/p>\n<p>\nOn December 10, 2020, CD Projekt launched Cyberpunk 2077, and consumers discovered that the Current-Generation Console versions of the game were filled with errors and difficult to play. One article stated the game \u201cperforms so poorly that it makes combat, driving, and what is otherwise a master craft of storytelling legitimately difficult to look at.\u201d\n<\/p>\n<p>\nOn December 14, 2020, the Company held a conference call during which the joint Chief Executive Officer (\u201cCEO\u201d) Adam Michal Kicinski admitted that CD Projekt \u201cunderestimated the scale and complexity of the issues\u201d and \u201cignored the signals about the need for additional time to refine the game on the base last-gen consoles.\u201d\n<\/p>\n<p>\nFollowing the game\u2019s release, the price of CD Projekt\u2019s American Depositary Receipts (\u201cADRs\u201d) fell $6.93, or 25% over three consecutive trading sessions to close at $20.75 per ADR on December 14, 2020, thereby damaging investors. Over the same period, the price of the Company\u2019s common shares fell $21.65, or 20.1%, to close at $86.00 on December 14, 2020, thereby damaging investors.\n<\/p>\n<p>\nOn December 18, 2020, Sony and Microsoft issued statements offering refunds for those who had purchased Cyberpunk 2077, citing \u201ca wave of complaints about the long-awaited title.\u201d\n<\/p>\n<p>\nOn this news, the price of the Company\u2019s ADRs fell $3.44, or 15.8%, to close at $18.50 per ADR on December 18, 2020. The price of the Company\u2019s common share price fell $9.20, or 10.45%, to close at $78.80 on December 18, 2020, thereby damaging investors.\n<\/p>\n<p>\nFollow us for updates on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglancy-prongay-murray-llp&amp;esheet=52357850&amp;newsitemid=20210106005923&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=5&amp;md5=94bd865fb987aaad483f8c68ce61b06e\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FGPM_llp&amp;esheet=52357850&amp;newsitemid=20210106005923&amp;lan=en-US&amp;anchor=Twitter&amp;index=6&amp;md5=332ab233de6fca7296c584b71bc02b8a\">Twitter<\/a>, or <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FGlancyLawFirm%2F&amp;esheet=52357850&amp;newsitemid=20210106005923&amp;lan=en-US&amp;anchor=Facebook&amp;index=7&amp;md5=70ab93360311720645aa8e7d29b71fa4\">Facebook<\/a>.\n<\/p>\n<p><b><span class=\"bwuline\">Whistleblower Notice:<\/span><\/b> Persons with non-public information regarding CD Projekt should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email <a rel=\"nofollow\" href=\"mailto:shareholders@glancylaw.com\">shareholders@glancylaw.com<\/a>.\n<\/p>\n<p><b><span class=\"bwuline\">About GPM<\/span><\/b><\/p>\n<p>\nGlancy Prongay &amp; Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPM\u2019s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM\u2019s lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPM\u2019s attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPM\u2019s past successes have been widely covered by leading news and industry publications such as <i>The Wall Street Journal<\/i>, <i>The Financial Times<\/i>, <i>Bloomberg Businessweek<\/i>, <i>Reuters<\/i>, the <i>Associated Press<\/i>, <i>Barron\u2019s<\/i>, <i>Investor\u2019s Business Daily<\/i>, <i>Forbes<\/i>, and <i>Money<\/i>.\n<\/p>\n<p>\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210106005923r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210106005923\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210106005923\/en\/<\/a><\/span><\/p>\n<p>\nGlancy Prongay &amp; Murray LLP, Los Angeles<br \/>\n<br \/>Charles H. Linehan, 310-201-9150 or 888-773-9224<br \/>\n<br \/>1925 Century Park East, Suite 2100<br \/>\n<br \/>Los Angeles, CA 90067<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.glancylaw.com&amp;esheet=52357850&amp;newsitemid=20210106005923&amp;lan=en-US&amp;anchor=www.glancylaw.com&amp;index=8&amp;md5=a496651328181442cdd243f40916caa7\">www.glancylaw.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"mailto:shareholders@glancylaw.com\">shareholders@glancylaw.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210106005923\/en\/478343\/3\/GPM_Logo_Colo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of CD Projekt S.A. (OTGLF, OTGLY) on Behalf of Investors LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of CD Projekt S.A. (\u201cCD Projekt\u201d or the \u201cCompany\u201d) (OTC: OTGLF, OTGLY) investors concerning the Company\u2019s possible violations of the federal securities laws. If you suffered a loss on your CD Projekt investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/cd-projekt-sa\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-investigation-of-cd-projekt-s-a-otglf-otgly-on-behalf-of-investors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of CD Projekt S.A. (OTGLF, OTGLY) on Behalf of Investors&#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-410033","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of CD Projekt S.A. 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(OTGLF, OTGLY) on Behalf of Investors LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of CD Projekt S.A. (\u201cCD Projekt\u201d or the \u201cCompany\u201d) (OTC: OTGLF, OTGLY) investors concerning the Company\u2019s possible violations of the federal securities laws. If you suffered a loss on your CD Projekt investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/cd-projekt-sa\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at &hellip; Continue reading &quot;Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of CD Projekt S.A. 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(OTGLF, OTGLY) on Behalf of Investors LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of CD Projekt S.A. (\u201cCD Projekt\u201d or the \u201cCompany\u201d) (OTC: OTGLF, OTGLY) investors concerning the Company\u2019s possible violations of the federal securities laws. If you suffered a loss on your CD Projekt investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/cd-projekt-sa\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at &hellip; Continue reading \"Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of CD Projekt S.A. 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