AT&T sued by New York City pension funds for excluding diversity proposal​

Four New York City public pension funds are suing AT&T for refusing to allow a shareholder vote on their proposal that would require the telecommunications company to publicly disclose its workforce’s diversity breakdown. The funds argue that AT&T is wrongly citing a new SEC policy to exclude the proposal, despite having previously disclosed this information between 2021 and 2023. They seek an injunction to prevent AT&T from soliciting shareholder proxies that exclude their proposal, emphasizing the issue’s importance, particularly as many companies de-emphasize diversity initiatives.