Shareholder lawsuits, data-breach payouts, and FCC power fights reshape AT&T’s risk

AT&T is working through multiple legal settlements, including a $177 million class-action payout tied to 2024 data breaches and deals over diversity and disclosure practices that have pressured its share price. Another settlement allows a shareholder vote on expanding reporting around governance, resilience, and network issues, reflecting rising investor demands for transparency. In parallel, major telecom trade groups are asking the U.S. Supreme Court to limit the FCC’s authority to fine them, highlighting a wider regulatory showdown that could redefine enforcement and compliance exposure for AT&T and the broader industry.