State Street Must Face $8B AT&T Pension Risk Transfer Suit

By Kellie Mejdrich ( September 28, 2026, 6:33 PM EDT) -- A Massachusetts federal judge on Monday has released AT&T from a proposed class action filed by retirees who claim the telecom company breached fiduciary duties through its $8 billion pension risk transfer, but opened discovery on allegations that AT&T's independent fiduciary, State Street, violated federal benefits law with the deal....

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