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  5. AT&T Reaches $100 Million Settlement In Shareholders' Lawsuit: Page 3 of 3
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AT&T Reaches $100 Million Settlement In Shareholders' Lawsuit: Page 3 of 3

AT&T and a former subsidiary will pay $100 million to settle a shareholder class-action lawsuit that sought $2.4 billion for alleged fraud.
October 27, 2004

Plaintiffs included the New Hampshire Retirement System, which has 72,000 members and beneficiaries, and Local 98 of the International Brotherhood of Electrical Workers, in Philadelphia, with about 4,000 members.

AT&T stock closed up 20 cents Tuesday at $16.30 on the New York Stock Exchange.

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