WarnerMedia parent AT&T has been sued by the Securities and Exchange Commission for alleged violations of a regulation known as Reg FD that requires so-called fair disclosure of financial information.The SEC civil suit against the telecom giant and three of its investor relations executives claims they selectively disclosed material nonpublic information to a group of Wall Street analysts in 2016 after the company realized its first quarter revenue would fall short of estimates following a steeper than expected dip in smartphone sales.AT&T called the allegations “meritless” and said, “We look forward to having our day in court.”The complaint alleges that three AT&T investor relations executives made private, one-on-one calls to analysts at
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.