AT&T sued for pilfering news-streaming technology says AT&T backed out $100 million deal.

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shutterstock filed suit against AT&T for skipping out on a $100 million deal to use the former company's news-streaming technology and hampering that's company's launch.

According to a Bloomberg report, says that AT&T backed out of a $100 million investment in the streaming company. Yet the telecom/pay TV goliath still used's streaming technology. states that it invented a system to stream news to computers and mobile devices. It's that tech that it says AT&T is using without living up to an earlier deal.

AT&T for its part said that the suit lacks merit and that this is the third time has filed essentially the same suit against them.

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