Twersky Law Group, a highly regarded and reputable law firm based in New York, wishes to inform investors about a significant development in the form of a class action lawsuit against AT&T (“AT&T” or “the Company) (NASDAQ: T) and certain officers of the company. This lawsuit has been filed on behalf of all individuals and entities that purchased or otherwise acquired Funko securities from March 1, 2020, through July 26, 2023 (the “Class Period”). Investors who acquired AT&T securities during this defined timeframe are strongly encouraged to participate in this case by contacting atara@twerskylawgroup.com. The deadline to file a motion for appointment of lead plaintiff is September 26, 2023.
The fundamental objective of this class action lawsuit is to recover for the benefit of investors who purchased AT&T securities during the Class Period, the losses they sustained as a consequence of the misleading statements made by Defendants in violation of the federal securities laws.
ALLEGATIONS AGAINST AT&T
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) AT&T owns cables around the country that are highly toxic due to their being wrapped in lead, and which harm Company employees and non-employees alike; (2) it faces potentially significant litigation risk, regulatory risk, and reputational harm as a result of its ownership of these lead-covered cables and the health risks stemming from their presence around the United States; (3) it was warned about the damage and risks presented by these cables but did not disclose them as a potential threat to employee safety or to everyday people and communities; and (4) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
ABOUT AT&T
What does AT&T do?
- AT&T (American Telephone and Telegraph) is a multinational telecommunications conglomerate based in the United States. It is one of the largest and most influential telecommunications companies in the world. Originally, AT&T was founded in 1885 as the American Telephone and Telegraph Company, and it played a crucial role in the development of the telephone industry.
What services does AT&T offer?
- Mobile and Wireless Services: AT&T is a major provider of mobile phone services, offering voice, data, and messaging plans to both individual consumers and businesses.
- Internet Services: AT&T provides internet access to residential and business customers through various technologies such as DSL, fiber-optic, and wireless connections.
- Television Services: AT&T offers digital TV services under the brand names “AT&T TV” and “AT&T U-verse,” providing a wide selection of channels and on-demand content.
- Business Solutions: AT&T offers telecommunications solutions tailored to the needs of businesses, including networking, cloud services, cybersecurity, and more.
- WarnerMedia: AT&T acquired WarnerMedia (formerly Time Warner) in 2018, which includes renowned entertainment properties such as HBO, CNN, Warner Bros. Pictures, and other cable networks and film studios.
Who founded AT&T?
- AT&T was founded by Alexander Graham Bell and his two financial backers, Gardiner Greene Hubbard and Thomas Sanders, in 1885. Alexander Graham Bell is widely known for inventing the telephone, and his invention revolutionized the way people communicate over long distances. Hubbard and Sanders were instrumental in providing the financial support and organizational expertise needed to establish the American Telephone and Telegraph Company.
- It’s important to note that the origins of AT&T can be traced back to the Bell Telephone Company, which was founded by Alexander Graham Bell and others in 1877. The Bell Telephone Company eventually evolved into AT&T in 1885, and it became the dominant force in the telecommunications industry in the United States for many decades.
JOIN THIS CASE
It is important to note that a class action lawsuit has already been filed in connection with these allegations. Therefore, for those individuals who suffered financial losses in their investments in AT&T during the Class Period, there is a limited opportunity to seek appointment as a lead plaintiff. This process entails requesting the Court to designate them as the primary representative on behalf of the entire class. The deadline for submitting such a request is September 26, 2023. It is important to emphasize that while becoming a lead plaintiff can offer certain advantages, participation in the recovery process and the potential for financial compensation does not mandate serving as a lead plaintiff.
Twersky Law Group, a distinguished legal firm renowned for its attorneys expertise in handling securities fraud class actions and shareholder derivative suits, who have a long-standing track record of successfully recovering significant sums of money for investors nationwide. With an unwavering commitment to seeking justice for their clients, the firm’s attorneys are resolute in pursuing fair compensation on behalf of those affected by alleged securities law violations. As with any legal matter, it is essential to understand that this announcement constitutes attorney advertising. Past case outcomes and results achieved do not guarantee similar outcomes in this particular case.
Investors who believe they may qualify as potential class members in the class action lawsuit against AT&T are strongly encouraged to reach out directly to the firm for further information and assistance. The knowledgeable legal professionals at Twersky Law Group stand ready to provide guidance and support to investors seeking to protect their rights and pursue the recovery they deserve.
ABOUT US
For more information as well as to join this case please contact Atara Twersky, Esq. at atara@twerskylawgroup.com. Atara is Principal at Twersky Law Group and of counsel at AF&T Law Firm where she is director of Investor Services. Atara focuses her practice on assisting her clients with increasing their investment portfolio recoveries and ensuring that their portfolios remain healthy and robust. For more information on shareholder recoveries, listen to Atara ’s Pension and Investments Podcast with notable guests in the pension fund Industry that discusses various matters relating to investment portfolios. For more information on Atara and her legal work pertaining to shareholder protection click here.
