News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jaclyn Jaeger2019-10-15T14:12:00
AT&T just might be the next poster child for ethics and compliance gone seriously wrong, if the allegations before it ultimately prove to be true.
The damning exposé against the telecommunications and media giant comes in the form of a 233-page amended securities class-action complaint In Re AT&T/DirecTV Now Securities Litigation, filed jointly by law firms Labaton Sucharow and Pomerantz on Sept. 17 in the U.S. District Court for the Southern District of New York.
Although the lawsuit is on behalf of all investors who acquired AT&T common stock in connection with AT&T’s June 2018 acquisition of and merger with Time Warner, everything about the troubling allegations have a Wells Fargo-esque air to them: (1) employees opening potentially thousands of unauthorized accounts and enrolling customers into services without their knowledge or consent; (2) improperly enrolling customers in services they didn’t need through sales tactics known as “bundling” or “cramming”; and (3) fraudulently charging customers for services they never requested or used.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2019-09-27T19:50:00Z By Jaclyn Jaeger
A lawsuit filed on behalf of shareholders against AT&T and its executives and directors alleges widespread fraudulent sales and customer-manipulation tactics regarding the company’s DirecTV Now offering.
2018-06-13T12:30:00Z By Joe Mont
After months of legal sniping and a six-week trial, a federal judge has approved AT&T’s $85 billion acquisition of Time Warner.
2024-10-23T15:45:00Z By Adrianne Appel
Banks, credit card companies and other financial mainstays will be required to comply with new data privacy and retail account portability regulations under a sweeping rule issued Tuesday by the Consumer Financial Protection Bureau (CFPB).
2024-04-05T20:45:00Z By Aly McDevitt
So, you think it might be fun to sit on a board someday. Panelists shared misconceptions to unlearn, factors to consider, and preparatory steps to take before rehearsing one’s board pitch during the women’s brunch held at Compliance Week’s 2024 National Conference.
2024-04-02T00:04:00Z By Kyle Brasseur
Two directors on the board at media giant Warner Bros. Discovery resigned after the Department of Justice raised antitrust concerns regarding their similar positions on the board of Charter Communications.
2022-07-27T13:31:00Z By Jaclyn Jaeger
Companies across many industries were kept on their toes during the 2022 proxy season, with shareholders filing an extraordinary number of proposals pertaining to a broad array of environmental and social issues.
Site powered by Webvision Cloud