Fergie's Tech Blog

AT&T Settles AWS Lawsuits for $150M

Kelly Hill writes on RCR Wireless News:

AT&T Inc. has agreed to settle several class-action lawsuits for a sum of $150 million, according to the company’s quarterly filing with the Securities and Exchange Commission.

The suits had been filed in response to the offering of AT&T Wireless Services Inc. tracking stock in 2000, and the plaintiffs had demanded more than $2.1 billion in damages, AT&T reported. Last month, the parties agreed to the $150 million settlement, which still must receive court approval.

posted by Fergie @ 5/08/2006 11:03:00 AM