T - Bragar Eagel & Squire P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against AT&T Aldeyra and RTX and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of AT&T, Inc. (NYSE:T), Aldeyra Therapeutics, Inc. (NASDAQ:ALDX), and RTX Corporation (NYSE:RTX). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
AT&T, Inc. (NYSE:T)
Class Period: November 2, 2018 – July 26, 2023
Lead Plaintiff Deadline: September 26, 2023
On July 9, 2023, the Wall Street Journal published an article reporting that more than 2,000 abandoned lead cables, previously used by AT&T and other telecommunication companies, were degrading and leaching into soil and groundwater, posing a significant public health risk. In a related article, the Wall Street Journal estimated that cleanup costs could run into the tens of billions of dollars.
Following publication of these articles, analysts downgraded AT&T and other telecommunication company stocks. AT&T's stock price fell $0.97 per share, or 6.69%, to close at $13.53 per share on July 17, 2023.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) AT&T owns cables around the country that are highly toxic due to their being wrapped in lead, and which harm Company employees and non-employees alike; (2) it faces potentially significant litigation risk, regulatory risk, and reputational harm as a result of its ownership of these lead-covered cables and the health risks stemming from their presence around the United States; (3) it was warned about the damage and risks presented by these cables but did not disclose ...