Big Surprise: AT&T MISLED INVESTORS ACCORDING TO LAWSUITS

from MultiChannel News

Top Stories

AT&T 'Misled' Investors About DirecTV Now Declines, Multiple Class-Action Suits Claim

Complaints come after vMVPD lost 267,000 customers in the fourth quarter

WHY THIS MATTERS: AT&T is facing several different class-action lawsuits from investors who claim the telco misled them regarding OTT platform DirecTV Now’s ability to sustain growth.

https://www.multichannel.com/news/att-sued-over-directv-now-growth-claims?utm_source=Selligent&utm_medium=email&utm_campaign=2829&utm_content=Copy+of+MCN_Newswire_enews_4%2F4%2F19+&utm_term=


The legal actions stem from information AT&T disclosed to the Securities Exchange Commission during the regulatory review of its Time Warner Inc. purchase. 

“The registration statement touted false and misleading financial results, trends, and metrics and omitted material facts rendering those financial results, trends, and metrics materially misleading,” reads a complaint filed earlier this week in the Southern District of New York. 

Ho hum, sounds like just another day at the offices of Medford Community Cablevision, Inc. with a creepy city lawyer and a mayor-in-name-only running the ship...

doesn't it?


Parody of Public Figures.... You be the Judge, just don't feed a handsome young cadet three beers in P-Town...on the overnight Amber alert!