According to the Complaint, AT&T Inc. is a telecommunications company.

The Complaint alleges 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 them as a potential threat to employee safety or to everyday people and communities; and (4) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On April 16, 2024, the Court issued an Order appointing Lead Plaintiff and Counsel.

On May 16, 2024, the Court issued an Order granting Defendants' Motion to transfer the case to the District Court for The Northern District of Texas. The case transferred in under Docket 24-CV-01196 on May 17.

Lead Plaintiffs filed an Amended Complaint on July 8, 2024. Defendants filed a Motion to Dismiss the Amended Complaint on September 6.

On June 16, 2025, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint.

Lead Plaintiffs filed a second Amended Complaint on July 16.