CenturyLink, Inc. Class Action Lawsuit - CTL

Company
CenturyLink, Inc. (NYSE: CTL)
Lead Plaintiff Deadline
May 6, 2019 (Expired)
Class Period
May 10, 2018 - March 4, 2019

Expired

Lead Plaintiff Deadline

May 6, 2019

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Allegations

(1) CenturyLink had undisclosed material weaknesses in its internal controls over revenue recording processes and the procedures for measuring fair value of assets and liabilities assumed in connection with its Level 3 Communications, Inc. acquisition; (2) consequently, CenturyLink would delay the filing of its Form 10-K for the fiscal year ended December 31, 2018 despite initially reporting those financial results in a press release dated February 13, 2019; and (3) as a result, CenturyLink’s public statements were materially false and misleading at all relevant times.

Eligibility

In order to be eligible to join the CTL class action lawsuit, you must have incurred a loss on shares of purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), you have until May 6, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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