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Shareholders Challenge AT&T Role in Domestic Spying

HeadlineJan 19, 2007

News of the wiretap reversal coincided with an announcement telecom giant AT&T is facing an effort by shareholders to disclose its role in domestic spying. The shareholders have put forward a proposal asking AT&T executives to issue a report detailing its cooperation with the National Security Agency and outlining new steps to protect consumer privacy. The effort is being led by the investor activist group As You Sow. AT&T has asked the Securities and Exchange Commission to exclude the resolution from its proxy statement based partly on so-called state secrets privilege.

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