AT&T, Inc. (NYSE: T)

This lawsuit is for anyone who acquired securities in AT&T, Inc. (NYSE: T) from November 2, 2018 through prior to July 26, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely disclose to investors that the Company had unusually large amounts of lead-clad lines that would expose the Company to unusually large clean up costs compared to its competitors should the Government require the clean up of lad-clad lines.

On July 14, 2023, Bloomberg reported that AT&T faced “potentially high costs” if the Company is required to “clean up contamination due to lead-clad wiring throughout parts of its nationwide network.” Bloomberg also reported that, according to a JPMorgan analyst, AT&T has a service area that covers about 40% of US homes plus an extensive long distance network, and that AT&T therefore has the largest exposure to the potential costs among national carriers. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on July 26, 2023, the Wall Street Journal reported that the U.S. Justice Department and the EPA were investigating the Company over the Company’s lead-clad wiring. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in AT&T, Inc. (NYSE: T) from November 2, 2018 through prior to July 26, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.