Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against PLDT Inc. (“PLDT” or the “Company”) (NYSE: PHI) in the United States District Court for the Central District of California on behalf of all persons and entities who purchased or otherwise acquired PLDT securities between January 1, 2019 and December 19, 2022, both dates inclusive (the “Class Period”). Investors have until April 7, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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According to the Complaint, the Company made false and misleading statements to the market. PLDT suffered from capital spending budget overruns. The Company failed to properly manage weaknesses that resulted in budget overruns. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about PLDT, investors suffered damages.
If you purchased or otherwise acquired PLDT shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.