OTGLY Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against CD Projekt S.A. (OTC: OTGLY, OTGLF); Encourages Investors With Losses in Excess of $100,000 to Secure Counsel; Lead Plaintiff Deadline is February 22, 2021

PHILADELPHIA, Feb. 9, 2021

If you purchased CD Projekt securities during the Class Period, have questions concerning your rights or interests, or would like to discuss Berger Montague's investigation, please contact attorneys Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Donnell Much at dmuch@bm.net or (215) 875-4667, or contact us at www.bergermontague.com/cd-projekt.

A recently filed lawsuit accuses the Company of misleading investors about the fact that its highly anticipated videogame, Cyberpunk 2077, was virtually unplayable on the current-generation Xbox or PlayStation systems due to an overwhelming number of bugs, and thus it was reasonably foreseeable that Sony would remove Cyberpunk 2077 from the PlayStation store, and vendors would be forced to offer full refunds for the game.

On January 16, 2020, CD Projekt announced a five-month delay in the launch of Cyberpunk 2077, from April 2020 to September 2020, and represented that the "game is complete and playable." After subsequent delays, the game was finally released on December 10, 2020, and immediately, players reported a host of bugs and issues that rendered the game unplayable.

On December 18, 2020, Bloomberg reported that Sony had announced it was pulling Cyberpunk 2077 from its PlayStation store and was offering full refunds to players. In a Twitter post the same day, the Company advised that "following [its] discussion with PlayStation, a decision was made to temporarily suspend digital distribution" of the game. Market Insider also quoted the Company's CEO Adam Kicinski as 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."

Following this news, the price of CD Projekt's American Depository Receipts (ADRs) price fell precipitously, with OTGLY declining $3.44 per ADR (16%) to close at $18.50, and OTGLF declining $9.20 per ADR (10%) to close at $78.80 on December 18, 2020.