AT&T Denies Securities Fraud Allegations Over Toxic-Lead Telecom Cables

“We believe the claims alleged by plaintiffs are baseless and will vigorously defend the Company,” emailed an AT&T spokesperson about allegations in Friday’s securities fraud class action that the company lied about the existence of telecom cables covered in toxic lead (see 2307300002). The complaint seeks to recover “compensable damages” caused by AT&T’s alleged violations of federal securities laws on behalf of investors who bought AT&T stock between March 1, 2020, and July 26.