Defendant Name: AT&T, Inc.

Defendant Type: Public Company
SIC Code: 4813
CUSIP: 00206R10

Document Reference: comp-pr2021-43

Document Details

Legal Case Name SEC v. AT&T, Inc., Christopher C. Womak, Kent D. Evans, and Michael J. Black
Document Name Complaint
Document Date 05-Mar-2021
Document Format Civil Proceeding
Case Number 21-cv-01951
Federal District Court New York, Southern District of New York
Allegation Type Issuer Reporting and Disclosure
Document Summary 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."

Related Documents:

LR-25045 05-Mar-2021 Litigation Release
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."
court_doc288_21-cv-01951 05-Dec-2022 Court Docket Document
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."