PLDT Inc. (PLDT) announced on Thursday that a US court had granted final approval to a case-ending settlement of securities class action litigation commenced by certain investors.
In a stock exchange filing, PLDT said that the US District Court for the Central District of California had approved the offer to settle the case, filed in 2023 by several investors in PLDT’s American Depositary Shares (ADS), following the telco’s admission of a capital expenditures (capex) overrun.
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