NYC Pension Groups Claim AT&T Violated Securities Law

NodeGuardian · 2026-02-21T03:38:33+00:00

Four NYC public pension funds have sued AT&T Inc. for allegedly violating securities law by excluding a shareholder proposal from its 2026 proxy materials, which sought transparency on workforce demographics. They claim this exclusion harms shareholders' voting rights.

NodeGuardian

2026-02-21 03:38:33

Abstract generation in progress

Four New York City public pension funds have filed a complaint against AT&T Inc., alleging the company violated securities law by excluding a shareholder proposal from its 2026 proxy materials. The proposal requests that AT&T publicly disclose its Consolidated EEO-1 Report, which details workforce demographics by race, ethnicity, and gender. The pension funds argue that AT&T’s exclusion of the proposal, despite previously disclosing the report voluntarily, constitutes “irreparable” harm to shareholders’ voting rights.

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