Abraham, Fruchter & Twersky LLP Notifies Shareholders of a Class Action Lawsuit on Behalf of Investors who Acquired Shares of AT&T Inc. (NYSE: T)

By: Abraham, Fruchter & Twersky, LLP via GlobeNewswire

August 29, 2023 at 08:30 AM EDT

NEW YORK, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Abraham, Fruchter & Twersky, LLP (www.aftlaw.com), a nationally recognized law firm that focuses on protecting investors’ rights, announces its filing of a class action lawsuit on behalf of investors who purchased AT&T common stock captioned General Retirement System of the City of Detroit v. AT&T Inc., No. 23-cv-07351 (S.D.N.Y.).

The AT&T class action lawsuit seeks to represent purchasers or acquirers of publicly traded AT&T Inc. (NYSE: T) securities between November 2, 2018 and July 26, 2023, inclusive (the “Class Period”). The AT&T class action lawsuit alleges that AT&T and certain of its top current and former executive officers violated the Securities Exchange Act of 1934. The first-filed complaint relating to the matters alleged in this action is captioned Brazinsky v. AT&T Inc., No. 23-cv-03996 (D.N.J.), and was filed on July 28, 2023.

If you suffered substantial losses and would like to discuss serving as lead plaintiff of the AT&T class action lawsuit, please contact Mitchell M.Z. Twersky or Lawrence D. Levit by email at MTwersky@aftlaw.com and LLevit@aftlaw.com, or telephone at (212) 279-5050. There is no cost or obligation to you. Lead plaintiff motions for the AT&T class action lawsuit must be filed with the court no later than September 26, 2023.

The AT&T class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) AT&T owns telecommunications cables around the country that are highly toxic due to their being wrapped in lead, and which harm AT&T employees and non-employees alike; (ii) AT&T 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; and (iii) AT&T 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.

Abraham, Fruchter & Twersky, LLP (www.aftlaw.com), is a law firm based in New York with an office in California, that has extensive experience in litigating securities law violations on behalf of investors.

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