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)