US court OKs PLDT’s settlement of lawsuits; to pay $3M

The US District Court for Central District California granted final approval of PLDT Inc.’s settlement of class action suits—stemming from its P48-budget overrun back in 2022—filed against the telco giant and its current and former directors and officers last year. The Pangilinan-led telco player is set to pay the complainants $3 million in total. “The
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