Defendant Name:
AT&T, Inc.
Defendant Type:
Public Company
SIC Code:
4813
CUSIP:
00206R10
Initial Case Details
Legal Case Name
SEC v. AT&T, Inc., Christopher C. Womack, Kent D. Evans, and Michael J. Black
First Document Date
05-Mar-2021
Initial Filing Format
Civil Proceeding
Case Number
21-cv-01951
Allegation Type
Issuer Reporting and Disclosure
Federal District Court
New York, Southern District of New York
Violations Alleged
Additionally,
Christopher C. Womack is alleged to have aided and abetted AT&T, Inc.'s violation of Sec 13(a) of the Exchange Act.
Kent D. Evans is alleged to have aided and abetted AT&T, Inc.'s violation of Sec 13(a) of the Exchange Act.
Michael J. Black is alleged to have aided and abetted AT&T, Inc.'s violation of Sec 13(a) of the Exchange Act.
Christopher C. Womack is alleged to have aided and abetted AT&T, Inc.'s violation of Regulation FD.
Kent D. Evans is alleged to have aided and abetted AT&T, Inc.'s violation of Regulation FD.
Michael J. Black is alleged to have aided and abetted AT&T, Inc.'s violation of Regulation FD.
Resolutions
First Resolution Date
05-Dec-2022
Headline Total Penalty and Disgorgement
$6,250,000
Related Documents:
Complaint
The Commission stated: "In March and April of 2016, Defendant AT&T, aided and abetted by Defendants Womack, Evans, and Black, . . . repeatedly violated Regulation FD (Fair Disclosure) . . . by disclosing AT&T's projected and actual financial results during phone calls Womack, Evans, and Black held with equity stock analysis from approximately 20 Wall Street firms on a one-on-one basis."
SEC Charges AT&T and Three Executives with Selectively Providing Information to Wall Street Analysts
The SEC stated that: "[It] charged AT&T, Inc. with
repeatedly violating Regulation FD, and three of its Investor Relations executives with
aiding and abetting AT&T's violations, by selectively disclosing material nonpublic
information to research analysts."
2021-43
05-Mar-2021
Press Release--Civil Action
SEC Charges AT&T and Three Executives with Selectively Providing Information to Wall Street Analysts
The SEC stated that: "[It] charged AT&T, Inc. with
repeatedly violating Regulation FD, and three of its Investor Relations executives with aiding and abetting AT&T's
violations, by selectively disclosing material nonpublic information to research analysts."
2022-215
05-Dec-2022
Press Release--Civil Action
AT&T Settles SEC Charge of Selectively Disclosing Material Information to Wall St. Analysts
The SEC "announced that AT&T agreedto pay a $6.25 million penalty and three company executives agreed to pay $25,000 apiece stemming from
charges brought in March 2021
related to the company’s selective disclosure of material nonpublic information to research analysts in violation of Regulation FD and Section 13(a) of the Securities Exchange Act of 1934. The penalty that AT&T agreed to pay is the largest ever in a Regulation FD case."
Final Judgment as to Defendant AT&T, Inc.
The Court stated: "Defendant AT&T, Inc. ("Defendant") . . . consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."
Other Defendants in Action:
