AT&T, Verizon Risk Investor Battle Over Gov't Spying

Law360, New York (December 13, 2013, 8:50 PM EST) -- AT&T Inc. and Verizon Inc. recently rejected shareholder resolutions demanding they disclose information about how they share user data with government agencies, setting the stage for a fierce debate over the novel question of how voluntary data disclosures — and the controversy they cause — impact stock prices.

In a Dec. 5 letter to the U.S. Securities and Exchange Commission, AT&T revealed plans to exclude from its proxy statement for its 2014 shareholder meeting an investor proposal that the company publish semiannual reports on how often...
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