A securities class action has been filed in the USDC – C.D.CA. against PLDT Inc. (PHI) on behalf of purchasers of the securities of PLDT Inc. (NYSE: PHI) between January 1, 2019 through December 19, 2022.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that:
- there were capital spending budget overruns;
- defendants failed to address weaknesses that allowed such budget overruns; and
- 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. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.
An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.