SUMMARY OF THE LAWSUIT

This lawsuit, Eliason et al. v. AT&T, Inc. et al., filed on October 1, 2019, is brought on behalf of a class of participants and beneficiaries in the AT&T Pension Benefit Plan (the “Plan”). Plaintiffs allege that Defendants AT&T Inc. and AT&T Services violated the federal law, the Employee Retirement Income Security Act (“ERISA”). Through these violations, Plaintiffs allege that they were deprived of accrued, vested pension benefits when they retired before age 65 and/or elected to receive their pension benefit in the form of a Joint and Survivor Annuity. This has resulted in Plan participants and beneficiaries receiving less than the actuarial equivalent of their vested accrued benefit, contrary to ERISA’s requirements. This lawsuit seeks to recover amounts due to members of the class, and to amend the Plan to fully comply with protections afforded by ERISA to defined benefit pension plan participants and beneficiaries.

CLASS ACTION ALLEGATIONS

This lawsuit is brought on behalf of the following persons:  All participants who are in the Plan and their beneficiaries. Excluded from the Class are Defendants and members of their immediate families or any of their heirs, successors, or assigns.

STATUS OF THE LITIGATION

The case is currently before the United States District Court in the Northern District of California (Eliason et al. v. AT&T Inc. et al., Case No. 3:19-cv-06232). Plaintiffs filed the Complaint on October 1, 2019 in the United States District Court for the Northern District of California. On December 2, 2019, Defendants filed a Motion to Dismiss or, in the alternative, Transfer Venue to the Northern District of Texas. Plaintiffs filed an Amended Complaint on December 23, 2019. In response to the Amended Complaint, Defendants filed another Motion to Dismiss or, in the alternative, Transfer Venue to the Northern District of Texas. This will be heard before the Honorable Sallie Kim on Monday, April 6, 2020.

WHOM TO CONTACT FOR MORE INFORMATION

If you are a member of the proposed class or you have information which might assist us in the prosecution of these allegations, please contact one of the following persons:

Mary J. Bortscheller, Esq. - mbortscheller@cohenmilstein.com
Daniel R. Sutter, Esq. - dsutter@cohenmilstein.com
Norma Canas Mejia, Paralegal - nmejia@cohenmilstein.com

Cohen Milstein Sellers & Toll PLLC
1100 New York Avenue, N.W., Suite 500
Washington, D.C. 20005
Telephone:  888-240-0775 (Toll Free) or 202-408-4600