New Hampshire Retirement System, Concord, with $4.5 billion in assets, filed a class-action suit with the U.S. District Court in Trenton, N.J., against AT&T, claiming securities violations. The suit, filed by the law firm Milberg, Weiss, Bershad, Hynes & Lerach, alleges that AT&T knowingly disseminated misleading statements and omissions about its business, operations and earnings growth between Oct. 25, 1999, and May 2, according to the complaint. The suit alleges that these statements influenced securities analysts and fostered an unrealistic assessment of AT&Ts business. The plaintiffs seek to recover unspecified damages.
John Heath, AT&T spokesman, said, "We are confident that we have complied fully with all of our disclosure obligations under securities regulations.