A federal securities lawsuit against AT&T and multiple executives and directors of the company mirrors many of the same troubling allegations as those seen at Wells Fargo, fraught with examples of widespread sales and customer-manipulation tactics.
The 233-page amended complaint, In Re AT&T/DirecTV Now Securities Litigation, filed on Sept. 17 in the U.S. District Court for the Southern District of New York, stems from a complaint first filed on April 1. Law firms Labaton Sucharow and Pomerantz jointly announced the filing of the lawsuit, which seeks certification of a class, on behalf of all individuals or entities who acquired AT&T common stock in connection with AT&T’s June 2018 acquisition of and merger with Time Warner, and/or all people who acquired AT&T stock between Sept. 21, 2016, and Jan. 30, 2019.
