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AT&T, SEC Plan Mediation in Lawsuit Over Disclosures to Analysts

Aug. 5, 2022, 4:21 PM

AT&T Inc. and the US Securities and Exchange Commission will attempt to resolve the regulator’s lawsuit alleging the company and three employees selectively disclosed nonpublic information about its finances to certain analysts, court records show.

US District Judge Paul Engelmayer in New York on Friday granted a joint request by AT&T and the SEC to refer the parties to mediation, in part because of comments made by the judge at a July 6 hearing. Engelmayer instructed the parties to schedule a settlement conference.

Lawyers for AT&T and the SEC said in an Aug. 3 letter to Engelmayer that such ...