PHI.US
id: 576
PLDT (PHI) ADR $3 Million Investor Settlement
Late claims are being considered for compensation, subject to approval.
C.D. California
Court2:23-CV-00885
Case number01/01/2019
Class period Start12/21/2022
Class period End06/25/2024
Claim deadlinePLDT (PHI) agreed to settle $3 million with ADR holders to end claims over hiding capital spending budget overruns.
Case Status
Accepting Late Claims
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
02/06/2023
Lead Plaintiff Deadline
04/07/2023
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
08/05/2024
Exclusion deadline
07/15/2024
Objection deadline
07/15/2024
Trades matching type
FIFO
+$3,000,000
Cash Settlement AmountFrequently Asked Questions
Who is eligible for this settlement?
Do I have to sell securities to be eligible?
How much will my payment be?
How long does the payout process take?
What is 11thestate?