An investigation on behalf of investors of CD Projekt S.A. (OTGLY, OTGLF) shares over potential securities laws violations by CD Projekt S.A. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of CD Projekt S.A. (OTGLY, OTGLF) concerning whether a series of statements by CD Projekt S.A. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Poland bssed CD Projekt S.A., through its subsidiaries, engages in the development and digital distribution of videogames worldwide. CD Projekt S.A. reported that its annual Total Revenue rose from $362.9 million in 2018 to $522.3 million in 2019, and that its EBIT increased from $123.16 million in 2018 to $189.74 million in 2019.

On December 18, 2020, Market Insider reported that 'Sony announced on Friday that it was pulling [Cyberpunk 2077] from its PlayStation Store and offering full refunds to players following a wave of complaints about the long-awaited title.' The Market Insider report also quoted the Company's co-CEO stating during an analyst call that '[a]fter three delays, we were too focused on releasing the game,' and '[w]e ignored signals about the need for additional time to refine the game on the base last-gen consoles.'

Shares of CD Projekt S.A. declined from $31.56 per share on December 4, 2020, to as low as $17.35 per OTGLY share, respectively $120.05 per share on December 7, 2020 to as low as $69.52 per OTGLF share.