AT&T settles New York City lawsuit over diversity proposal

Reuters

02/26

NEW YORK, Feb 25 (Reuters) - AT&T T.N has agreed to settle a lawsuit by four New York City pension funds by letting shareholders vote on whether it should disclose the breakdown of its 133,000-person workforce by race, ethnicity and gender.

New York City Comptroller Mark Levine announced the settlement on Wednesday, eight days after the funds sued to block AT&T from soliciting shareholder proxies that would have excluded their diversity proposal from consideration at its 2026 annual meeting.

(Reporting by Jonathan Stempel in New York; Editing by Chris Reese)

((jon.stempel@thomsonreuters.com ; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net /))

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