Diego M. Radzinschi/ALM

AT&T filed a motion last week to dismiss two lawsuits alleging the company, as well as State Street Global Advisors Trust Co. (SSGA), selected a "risky" insurer, Athene Annuity and Life Company, to conduct its $8.05 billion pension risk transfer in May 2023, offloading the pensions of 96,000 of its plan participants.

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