The Complaint alleges Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (i) the Company owns lead-wrapped cables nationwide that are highly toxic and harmful to Company employees and non-employees alike; (ii) the hazards caused by the lead cables pose not only health risks to employees and the public, but also potentially significant risks to the Company from litigation, regulatory measures, and reputational harm; and (iii) as a result, AT&T’s statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.