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PHI.US
id: 576

PLDT (PHI) ADR $3 Million Investor Settlement

Late claims are being considered for compensation, subject to approval.
C.D. California
Court
2:23-CV-00885
Case number
01/01/2019
Class period Start
12/21/2022
Class period End
06/25/2024
Claim deadline
PLDT (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 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