The suit – which was filed by investor law firms Pomerantz and Labaton Sucharow in the U.S. District Court for the Southern District of New York – accuses AT&T of lying to investors about the success of its virtual MVPD. It called AT&T TV Now “unreliable and prone to technical flubs, was of only marginal interest to AT&T customers, and, in a misguided attempt to compete with other content providers, was priced so low that it could not generate meaningful revenue to the company.” - Ben Munson, FierceVideo [via/web:http://streaming-tv.us]
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