Fergie's Tech Blog

Shareholder Group Files Anti-Spying Resolutions

Ryan Singel writes on 27B Stroke 6:

Shareholders aren't going to let the plaintiff lawyers have all the fun when it comes to confronting telecoms for their alleged involvement with the government's warrantless eavesdropping on Americans' communications.

Citing possible damages in the lawsuits in the billions and negative publicity, a group of AT&T shareholders filed a resolution for April 2007's board meeting and expect to file another resolution for Verizon today. The resolution calls for AT&T's board to issue a report on the alleged sharing of customer records to the government, disclose the legal and public relations expenses related to the lawsuit and to propose policies forbidding such sharing in the future.

posted by Fergie @ 11/20/2006 05:15:00 PM