AT&T tried to get a Securities and Exchange Commission (SEC) lawsuit dismissed, but failed. The suit alleges AT&T leaked financial information to certain analysts.
A district judge in New York City stated the court found evidence that three investor relations executives warned analysts in March and April 2016, that lower-than-expected smartphone sales would have an impact on revenue, according to Mobile World Live. The District Court did not award victory to the SEC and the case is now expected to proceed to trial, unless a settlement is reached. Continue Reading |
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