The hedge fund Elliott Management has a four-step plan to improve AT&T. : FOX News senior judicial analyst Judge Andrew Napolitano on the antitrust probes into Google and Facebook and reports Purdue Pharma will file for bankruptcy. Activist investor Paul Singer's Elliott Management on Monday disclosed a $3.2 billion stake in AT&T, and sent a letter to Chairman Randall Stephenson with a four-step plan to improve its share price and business. The New York-based hedge fund said it believes AT&T shares are worth $60 apiece – more than 65 percent above where they closed on Friday.