AT&T to pay $6 million to SEC to settle lawsuit over leaks to analysts By Reuters

Saturday, 3 December 2022, 14:27:00
AT&T to pay $6 million to SEC to settle lawsuit over leaks to analysts
— Investing.com

AT&T to pay $6mn to SEC to settle lawsuit over leaks to analysts

Saturday, 3 December 2022, 10:16:16
AT&T Inc. has agreed to pay a $6.25 million penalty to settle a Securities and Exchange Commission lawsuit accusing the phone company of selectively leaking financial information to Wall Street analysts, the SEC said in a court filing. Three executives of the company: Christopher Womack, Kent Evans and Michael Black, who the SEC alleged were involved in violating Regulation FD, or fair disclosure, also agreed to each pay a $25,000 penalty without admitting or denying the regulator’s allegations, the filing said. AT&T did not immediately respond to a Reuters’ request for comment outside business hours. In a March 2021 lawsuit, the SEC accused Dallas-based AT&T and three investor relations executives of leaking details about its smartphone business to 20 firms. The SEC said it violated fair disclosure which it adopted in 2000 to bar companies from disclosing material non-public information privately, helping level the playing field for investors. AT&T’s goal, alleged the SEC, was to “manage” those analysts and have them lower their revenue forecasts, so that actual results would meet the reduced forecasts and not disappoint investors who might otherwise drive its share price down.
— Business Recorder

AT&T to pay $6 million to SEC to settle lawsuit over leaks to analysts-court filing

Saturday, 3 December 2022, 09:51:39
AT&T Inc. has agreed to pay a $6.25 million penalty to settle a Securities and Exchange Commission lawsuit accusing the phone company of selectively leaking financial information to Wall…
— MarketScreener

AT&T to Pay $6 Million to SEC Over Private Calls to Analysts – BNN Bloomberg

Saturday, 3 December 2022, 04:19:47
AT&T Inc. agreed to pay a $6.25 million penalty to settle an unusual lawsuit by federal regulators claiming its executives selectively disclosed nonpublic information about the company’s finances to Wall Street analysts.
— BNN Bloomberg

A Look Into AT&T”s Debt

Friday, 2 December 2022, 18:49:50
Over the past three months, shares of AT&T Inc. (NYSE: T ) moved higher by 13.10%. When understanding a companies price change over a time period like 3 months, it could be helpful to look at its financials. One key aspect of a companies financials is its debt, but before we understand the importance of debt, let”s look at how much debt AT&T has. AT&T Debt Based on AT&T”s balance sheet as of November 3, 2022, long-term debt is at $123.85 billion and current debt is at $9.63 billion, amounting to $133.48 billion in total debt. Adjusted for $2.42 billion in cash-equivalents, the company”s net debt is at $131.06 billion. Let”s define some of the terms we used in the … Full story available on Benzinga.com
— Benzinga