Black-Owned Firm Accuses AT&T of Discrimination Over Cricket Bid
Written by Black Hot Fire Network on May 6, 2023
A Black-owned private equity firm accused AT&T Inc. of discrimination for rejecting a $4.6 billion bid in 2019 for a majority stake in the Cricket Wireless business.
Legacy Equity Advisors — owned by former Aldus Equity LLC partner Marcellus Taylor — claimed in a lawsuit filed Thursday in Dallas that AT&T rejected the Cricket offer and denied the firm opportunities to bid on 13 other available assets in subsequent years. Instead, AT&T solicited bids from less qualified white-owned . . .
