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PLDT receives court OK for budget mess settlement
The Philippine Star
|September 20, 2024
PLDT Inc. has obtained court approval to pay $3 million to investors affected by its P48-billion budget overrun from 2019 to 2022.
In a disclosure to the Philippine Stock Exchange, PLDT said it has received approval from a US court to proceed with its $3-million proposal to settle a class action.
“On Sept. 17, 2024, the court granted final approval to PLDT’s case-ending settlement of a securities class litigation commenced in 2023 against PLDT and certain of its current and former directors and officers by certain investors in PLDT’s American Depositary Shares,” PLDT said.
This story is from the September 20, 2024 edition of The Philippine Star.
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