NEW
YORK, March 24, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of PLDT Inc. (NYSE: PHI).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/pldt-inc-loss-submission-form/?id=37575&from=4
The lawsuit seeks to recover losses for shareholders who
purchased PLDT between January 1,
2019 and December 19, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
April 7, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, PLDT Inc. issued materially
false and/or misleading statements and/or failed to disclose that:
(1) there were capital spending budget overruns; (2) defendants
failed to address weaknesses that allowed such budget overruns; and
(3) as a result, defendants' statements about the Company's
business, operations, and prospects, were materially false and
misleading and/or lacked a reasonable basis at all relevant
times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law
