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AT&T Asks Judge to Throw Out SEC Suit Over Disclosures to Analysts

  • Company tells judge the data was already public anyway
  • SEC argues AT&T was deliberately ‘walking the Street down’
An AT&T store in San Francisco.

An AT&T store in San Francisco.

Photographer: David Paul Morris/Bloomberg

AT&T Inc. and three of its employees asked a judge to throw out a lawsuit by a federal regulator claiming they selectively disclosed nonpublic information about the company’s finances to certain analysts.

At a hearing in Manhattan on Wednesday, they said the data was already public and that investors wouldn’t have considered the revelations important enough to influence their decisions anyway.