Dismissal Of Claims Sought In Stock-Drop Suit Over AT&T’s Streaming Platform

Mealey's (November 21, 2019, 2:00 PM EST) -- NEW YORK — Dismissal of claims in a securities class action lawsuit brought against telecommunications giant AT&T Inc., several of its senior executives and its directors is necessary because shareholders have failed to plead any facts necessary to sustain their federal securities law claims in alleging that the defendants concealed the company’s true business and financial condition in connection with its launch of its internet-based TV streaming platform, the defendants argue in a Nov. 18 motion to dismiss filed in New York federal court (In re AT&T/DirectTV Now Securities Litigation, No. 19-2892, S.D. N.Y.)....