AT&T settles New York City lawsuit over diversity proposal
NEW YORK, Feb 25 (Reuters) - AT&T has agreed to settle a lawsuit by four New York City pension funds by letting shareholders vote on whether it should disclose the breakdown of its 133,000-person workforce by race, ethnicity and gender.
New York City Comptroller Mark Levine announced the settlement on Wednesday, eight days after the funds sued to block AT&T from soliciting shareholder proxies that would have excluded their diversity proposal from consideration at its 2026 annual meeting.
(Reporting by Jonathan Stempel in New York; Editing by Chris Reese)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Here's Why Sigma Lithium Corporation (SGML) Fell More Than Broader Market
VirTra, Inc. (VTSI) Advances While Market Declines: Some Information for Investors
Bitfarms Ltd. (BITF) Registers a Bigger Fall Than the Market: Important Facts to Note
