Parties Agree to Dismiss With Prejudice Racial-Animus Case Against AT&T

Plaintiff Legacy Equity Advisors, a venture capital firm, agreed with defendant AT&T that its case should be dismissed with prejudice, said their stipulation of dismissal Wednesday (docket 3:23-cv-00979) in U.S. District Court for Northern Texas in Dallas. Each party will bear its own attorneys’ fees, expenses and costs, said the stipulation. A judge granted in part and denied in part AT&T’s motion to dismiss Legacy’s complaint alleging that AT&T deprived it of bidding on DirecTV and other assets it was divesting because the equity firm is Black-owned (see 2309180027). The case then advanced no further than a first amended complaint in which Legacy alleged that a white firm with a weaker resume got a better retail deal from AT&T for 88 stores (see 2310160009).