In re AT&T Wireless Tracking Stock Securities Litigation,
No. 00-cv-08754 (S.D.N.Y.).
Case Overview
Status: | Status: Settled |
Court: | Court: Southern District of New York |
Case Number: | Case Number: 00-cv-08754 |
Related Attorneys: | Lead Attorneys: Daniel Hume |
Related Practices: | Related Practices: Securities |
Lead counsel for a union pension fund lead plaintiff in this securities class action on behalf of investors who purchased AT&T Wireless tracking stock in an April 26, 2000 initial public offering and through May 1, 2000 on the open market. The action asserted that the prospectus and registration statement used for the IPO misled investors about AT&T’s prospects and recent results. The case settled for $150 million on the eve of trial.