AT&T Discloses $10B Hit From Pension Charges

Law360, New York (January 17, 2013, 10:38 PM EST) -- AT&T Inc. will face $10 billion in charges linked to its pension and post-employment benefits, according to a regulatory filing Thursday by the Dallas-based telecommunications giant ahead of its fourth-quarter earnings report due later this month.

AT&T said it will record a pre-tax charge of some $10 billion for the quarter that stems from actuarial gains and losses on pension and related benefit plans, according to an 8-K filing with the U.S. Securities and Exchange Commission that could set the stage for shareholder lawsuits.

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