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AT&T settles New York City lawsuit over diversity proposal

By Thomson Reuters Feb 25, 2026 | 4:34 PM

NEW YORK, Feb 25 (Reuters) – AT&T 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)