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PHI.US
id: 576

PLDT (PHI) ADR $3 Million Investor Settlement

C.D. California
Court
2:23-CV-00885
Case number
01 Jan 2019
Class period Start
21 Dec 2022
Class period End
25 Jun 2024
Claim deadline
PLDT (PHI) agreed to settle $3 million with ADR holders to end claims over hiding capital spending budget overruns.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Payout per Share
0.58
Filing date
06 February 2023
Lead Plaintiff Deadline
07 April 2023
Plaintiffs
Sophia Olsson, Dr. Kevin Douglas
Attorneys
Levi & Korsinsky, LLP
Defendants
Manuel V. Pangilinan, Alfredo S. Panlilio, Annabelle L. Chua, Marilyn A. Victorio-Aquino, Abner Tito Alberto, Gil Samson D. Garcia, Ma. Lourdes C. Rausa-Chan, Florentino D. Mabasa Jr, June Cheryl A. Cabal-Revilla
Judge
Hon. Maria A. Audero
Administrator
Strategic Claims Services
Court hearing date
05 August 2024
Exclusion deadline
15 July 2024
Objection deadline
15 July 2024
Trades matching type
FIFO
+$3,000,000
Total Settlement Amount

Frequently Asked Questions

PLDT Inc ADR

PLDT Inc. provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet bro...

    Ticker
    PHI.US
    ISIN
    US69344D4088
    Sector
    Communication Services
    Industry
    Telecom Services
    Country
    USA
    Address
    Ramon Cojuangco Building, Makati City, Philippines, 1200