Subject: Update concerning class action lawsuit filed in the USA
Legal basis: Art. 17 of MAR – inside information
The Management Board of CD PROJEKT S.A. with a registered office in Warsaw (hereinafter referred to as “the Company”), in order to provide an update on the case pending before the U.S. District Court for the Central District of California (hereinafter referred to as “the Court”), hereby announces that on 4 January 2023 it received a notification from the law firm representing the Company in the U.S. class action lawsuit, to the effect that the Court had issued an order regarding the preliminary approval of the settlement, i.e. Order re: motion for preliminary approval of class action settlement (“Order Regarding Preliminary Approval of the Settlement”).
The Order Regarding Preliminary Approval of the Settlement approves the provisions of the settlement concerning, in particular, relinquishing any claims against the Company and members of its Management Board, as well as remittance of 1,850,000 USD (one million eight hundred and fifty thousand USD) to the plaintiff class by the Company and its insurer – Colonnade Insurance S.A., as previously disclosed by the Company in Current Report no. 45/2021 of 16 December 2021.
Having issued the Order Regarding Preliminary Approval of the Settlement, the Court, together with the settlement administrator, will proceed with further formal activities related to the case.
Disclaimer: This English language translation has been prepared solely for the convenience of English speaking readers. Despite all the efforts devoted to this translation, certain discrepancies, omissions or approximations may exist. In case of any differences between the Polish and the English versions, the Polish version shall prevail. CD PROJEKT, its representatives and employees decline all responsibility in this regard.