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.
ELIJAH FELICE ROSALES

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.

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