Zrevnur: Did you actually read the link? It does indeed imply the likelihood of them (the ones I mentioned) being merged into one. But according to what it says this has not happened and my interpretation of the text is also that it is not a 100% guaranteed thing. Anyway for now (now ~= reference date of that document) this has not happened.
And the topic says 'lawsuits from investors' - I did not include other one/s in my numbers update.
And I dont agree with the number of filings being irrelevant. Obviously in the absence of other data there is a correlation between expected relevance (in terms of monetary danger to the company and in terms of bad PR) and number of filings.
Gersen: That's how US class actions works, you cannot have multiple class action for the same "subject" (i.e. US securities in this case). You have X different law firms filling and then, if the class action goes forward, then one of them is chosen to represent the case. That's why I said the number of fillings is irrelevant, it's just a bunch of law firm trying to be the "one" getting the jackpot (in case they win of course) but as far as CDPR is concerned it is still only one potential class action in the US.
I think you are ignoring the issue that someone somewhere needs to make this decision whether the filings are sufficiently similar or not. Thats presumably also why the linked document doesnt imply this being a 100% scenario: They consulted a law firm and asked them about their opinion and the law firm responded with a yes. Nonetheless at this point its just the opinion of that law firm and not fact as you imply.
(And I dont see how somebody without actual insight into those lawsuits - that would be you unless you have that insight? - could possibly determine for sure whether those lawsuits are the "same" or not. And if you do indeed have that insight please do share.)
Furthermore as the document implies such merging is only going to happen "should the need for court proceedings arise". As I see it if for example some outside of court settlement is reached before that such merging will not happen.
In addition to that I do believe there is practical relevance in which law firms are involved. So looking merely at the first such filing (and the law firm which did it) is clearly insufficient. IMO they should have made a proper list with law firms and dates (etc) in there.
Quote of the whole paragraph:
LITIGATION IN WHICH CD PROJEKT S.A. IS NAMED AS A DEFENDANTClass action lawsuit filed against CD PROJEKT S.A. concerning US securitiesOn 25 December 2020 and subsequently on 15 January 2021 the Management Board of the Company received information concerning the filing of civil class action lawsuits in the US District Court for the Central District of California, by law firms acting on behalf of groups of holders of securities traded in the USA under the ticker symbols ”OTGLY” and ”OTGLF” and based on Company shares, whereby the plaintiffs call for the court to adju-dicate whether the actions undertaken by the Company and members of its Management Board in connection with the release of Cyberpunk 2077 constituted a violation of federal laws, i.a. by misleading investors and, consequently, causing them to incur damages. The complaints do not specify the quantity of damages sought.As of the preparation date of this report the Company has been notified of two further lawsuits filed in the afore-mentioned court against CD PROJEKT and materially consistent with the aforementioned litigation. According to information available to the Company and the opinion provided by the law firm which represents the Company in this regard, following the selection of the lead plaintiff, all such lawsuits will be merged into a single case should the need for court proceedings arise.The Company will undertake vigorous action to defend itself against any such claims.