Recent Security Class Actions

PLDT Inc. Sponsored ADR (NYSE: PHI)

Company Name:PLDT Inc. Sponsored ADR
Stock Symbol:NYSE: PHI
Class Period Start:01/01/2019
Class Period End (inclusive):12/21/2022
Filing Deadline:04/07/2023

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) there were capital spending budget overruns; (2) Defendants failed to address weaknesses that allowed such budget overruns; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.