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Submit Your Information for the PLDT
Class Action Lawsuit

Lead Plaintiff Deadline is April 7, 2023

If you purchased or acquired PLDT securities between January 1, 2019 and December 19, 2022, please contact Berger Montague using the form below.

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About the Case

On December 16, 2022, PLDT filed with the SEC a Form 6-K, which stated, “over the past four years . . ., PLDT, Inc. and its subsidiary, Smart Communications Inc., embarked on a massive network transformation” which cost PHP 379 billion, including an estimated budget overrun of PHP 48 billion ($866 million).

On December 19, 2022, Bloomberg reported that “The Philippines’ Securities and Exchange Commission has launched an inquiry into the 48-billion peso ($866 million) capital spending budget overrun at PLDT Inc. that triggered a record plunge in the stock amid questions over its corporate governance and fiscal control.”

Following this news, on December 19, 2022, PLDT’s share price fell $6.35 per share, or more than 19%, to close at $20.46.

Investors who purchased or acquired PLDT securities during the Class Period may, no later than April 7, 2023, seek to be appointed as a lead plaintiff representative of the class.


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Berger Montague Counsel

Andrew Abramowitz, Esq.

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aabramowitz@bm.net

(215) 875-3015

bergermontague.com

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James Maro, Esq.

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jmaro@bm.net

(215) 875-3093

bergermontague.com

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