Subject: Receipt of notification concerning the filing of a class action lawsuit in the USA
Legal basis: Art. 17 section 1 of MAR – inside information
The Management Board of CD PROJEKT S.A. with a registered office in Warsaw (hereinafter referred to as “the Company”) hereby announces that it has been notified by a law firm cooperating with the Company of a civil class action lawsuit filed in the US District Court for the Central District of California by five natural persons (hereinafter referred to as “Plaintiffs”) who had purchased videogames via the Steam platform which is owned by Valve Corporation (hereinafter referred to as “Valve”). The lawsuit names Valve along with other developers and publishers of videogames, including the Company and its subsidiary – CD PROJEKT Inc., as defendants.
The Plaintiffs ask the court to adjudicate whether the terms of the Steam Distribution Agreement violate US antitrust laws.
The complaint alleges that Valve abuses its market power to compel videogame developers to accede to a so-called “Most Favored Nations” provision (hereinafter referred to as “the Provision”) in the Steam Distribution Agreement, whereby Valve business partners agree that the price of a PC game on the Steam platform will be the same as on other platforms. The complaint goes on to allege that the Provision leads to improper functioning of the market by hampering the ability of other platforms to compete on price with Steam.
The lawsuit does not specify the amount of damages sought.
The Company is currently assessing the validity of claims formulated against itself and its subsidiary as part of the aforementioned litigation.
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.