EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against AT&T Inc. – T

February 24, 2019 GMT

NEW YORK--(BUSINESS WIRE)--Feb 24, 2019--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of AT&T Inc. (NYSE: T) resulting from allegations that AT&T may have issued materially misleading business information to the investing public.

In June 2018, AT&T issued approximately 1.185 billion new shares of stock directly to former shareholders of Time Warner for its acquisition of Time Warner Inc. In connection with this stock issuance, AT&T touted growth trends in its Entertainment Group segment, including quarterly subscriber gains in its DirecTV Now service sufficient to offset any decrease in traditional satellite DirecTV subscribers. It subsequently became clear that AT&T had substantially increased prices while discontinuing promotional discounts for its DirecTV Now service and was consequently losing subscribers. Since the Time Warner acquisition, AT&T’s stock price has fallen as low as $27.36 per share, a decline of nearly 16% from the $32.52 closing price per share on the exchange date for the acquisition.


Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by AT&T investors. If you purchased shares of AT&T please visit the firm’s website at https://www.rosenlegal.com/cases-1517.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.


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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190224005083/en/

CONTACT: The Rosen Law Firm, P.A.

Laurence Rosen, Esq.

Phillip Kim, Esq.

Zachary Halper, Esq.

275 Madison Avenue, 34thFloor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827







SOURCE: Rosen Law Firm

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PUB: 02/24/2019 12:02 PM/DISC: 02/24/2019 12:02 PM