All Wireless Companies Warn Shareholders, Not Consumers: 5G Rated “High Risk” By Insurance Companies

Corporate Company Investor Warnings contained in Annual Reports filed on Form 10-K (or Form 20-F or 40-F for foreign companies) with the and Securities and Exchange Commission (SEC).

Cell phone manufacturers and providers of their infrastructure are aware that the radiation from their products could be risky and warn their shareholders. See below excerpts from statements in their annual reports that indicate these companies are informing their shareholders that they may incur significant financial losses related to electromagnetic fields.

Insurance companies will not insure these companies for harm from the radiation from their products and networks. As Crown Castle states, “We currently do not maintain any significant insurance with respect to these matters.”

Some of the examples include:

AT&T Inc.

10-K filing for fiscal year ending 12/31/2019  

“Unfavorable litigation or governmental investigation results could require us to pay significant amounts or lead to onerous operating procedures.

 We are subject to a number of lawsuits both in the United States and in foreign countries, including, at any particular time, claims relating to antitrust; patent infringement; wage and hour; personal injury; customer privacy violations; regulatory proceedings; and selling and collection practices. We also spend substantial resources complying with various government standards, which may entail related investigations and litigation. In the wireless area, we also face current and potential litigation relating to alleged adverse health effects on customers or employees who use such technologies including, for example, wireless devices. We may incur significant expenses defending such suits or government charges and may be required to pay amounts or otherwise change our operations in ways that could materially adversely affect our operations or financial results.”

Under the section “CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS” it states:

• “The final outcome of FCC and other federal, state or foreign government agency proceedings (including judicial review, if any, of such proceedings) and legislative efforts involving issues that are important to our business, including, without limitation, pending Notices of Apparent Liability; the transition from legacy technologies to IP-based infrastructure, including the withdrawal of legacy TDM-based services; universal service; broadband deployment; wireless equipment siting regulations and, in particular, siting for 5G service; E911 services; competition policy; privacy; net neutrality; multichannel video programming distributor services and equipment; content licensing and copyright protection; availability of new spectrum on fair and balanced terms; and wireless and satellite license awards and renewals.”
• “The outcome of pending, threatened or potential litigation (which includes arbitrations), including, without limitation, patent and product safety claims by or against third parties.”

2017 Annual Report

“We are a party to numerous lawsuits, regulatory proceedings and other matters arising in the ordinary course of business. As of the date of this report, we do not believe any pending legal proceedings to which we or our subsidiaries are subject are required to be disclosed as material legal proceedings pursuant to this item.

We are subject from time to time to judicial and administrative proceedings brought by various governmental authorities under federal, state or local environmental laws. We are required to discuss below those proceedings in our Forms 10-Q and 10-K, which could result in monetary sanctions (exclusive of interest and costs) of $100,000 or more. However, we do not believe that any currently pending will have a material adverse effect on our results of operations.

Waste Disposal Inquiry Involving DIRECTV.  In August 2012, a unit organized by the California Attorney General and the District Attorney for Alameda County, California notified DIRECTV that the unit was examining allegations that DIRECTV had failed to properly manage, store, transport and dispose of Hazardous and Universal Waste in accordance with the California Health & Safety Code. No litigation was filed.  In November 2017, DIRECTV settled this matter for an immaterial amount and agreed to continue to abide by processes to comply with California waste regulations already implemented by AT&T affiliates in California for a period of 5 years.”

2016 Annual Report

“Unfavorable litigation or governmental investigation results could require us to pay significant amounts or lead to onerous operating procedures”

“We are subject to a number of lawsuits both in the United States and in foreign countries, including, at any particular time, claims relating to antitrust; patent infringement; wage and hour; personal injury; customer privacy violations; regulatory proceedings; and selling and collection practices. We also spend substantial resources complying with various government standards, which may entail related investigations and litigation. In the wireless area, we also face current and potential litigation relating to alleged adverse health effects on customers or employees who use such technologies including, for example, wireless devices. We may incur significant expenses defending such suits or government charges and may be required to pay amounts or otherwise change our operations in ways that could materially adversely affect our operations or financial results.”[/su_note]