Centurytel (NYSE:CTL)
Historical Stock Chart
3 Months : From Jun 2017 to Sep 2017
The law firm of Lieff
Cabraser Heimann & Bernstein, LLP reminds investors of the
upcoming deadline to move for appointment as lead plaintiff in
securities class litigation brought on behalf of investors who purchased
or otherwise acquired the securities of CenturyLink, Inc. (“CenturyLink”
or the “Company”) (NYSE: CTL) between March 1, 2013 and June 19, 2017,
inclusive (the “Relevant Period”).
If you purchased or acquired the securities of CenturyLink during the
Relevant Period, you may move the Court for appointment as lead
plaintiff by no later than August 21, 2017. A lead plaintiff is a
representative party who acts on behalf of other class members in
directing the litigation. Your share of any recovery in the action will
not be affected by your decision of whether to seek appointment as lead
plaintiff. You may retain Lieff Cabraser, or other attorneys, as your
counsel in the action.
CenturyLink
investors who wish to learn more about the litigation and how to seek
appointment as lead plaintiff should click here or contact Sharon
M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.
CenturyLink is a Monroe, Lousiana provider of various communications
services. The actions allege that CenturyLink misrepresented and failed
to disclose its business practice of allowing and incentivizing
CenturyLink employees to add services or lines to accounts without
customer permission, resulting in millions of dollars in unauthorized
charges, and, as a result, CenturyLink’s business was not sustainable
and its public statements about its financial performance and prospects
were false and misleading during the Relevant Period.
On June 16, 2017, Bloomberg reported that a former CenturyLink
customer service and sales agent filed an action against CenturyLink for
wrongful termination after she was fired for blowing the whistle on
CenturyLink’s high-pressure sales culture that cost customers hundreds
of millions of dollars in unauthorized charges for services or lines
they did not request. The former employee’s complaint reportedly likened
the misconduct of CenturyLink sales agents “to the Wells Fargo scandal
and estimated the alleged unauthorized fees amounted to ‘many millions’
of dollars” and that “her concerns were bolstered by posts she had read
on review websites.” Following this news, the price of CenturyLink
common stock fell $1.23 per share, or approximately 4.56%, from its
closing price on June 15, 2017 to close at $25.72 on June 16, 2017.
On the next trading day, June 19, 2017, Bloomberg reported that a
consumer class action lawsuit had been filed against CenturyLink,
alleging that the sales practices described in the whistleblower lawsuit
against the Company defrauded hundreds of thousands and potentially
millions of consumers who suffered damages of between $600 million and
$12 billion. Following this news, the price of CenturyLink stock fell
$0.36 per share, or approximately 1.4%, from its closing price on June
16, 2017 to close at $25.36.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco,
New York, Nashville, and Seattle, is a nationally recognized law firm
committed to advancing the rights of investors and promoting corporate
responsibility.
The National Law Journal has recognized Lieff Cabraser as one of
the nation’s top plaintiffs’ law firms for fourteen years. In compiling
the list, the National Law Journal examines recent verdicts and
settlements and looked for firms “representing the best qualities of the
plaintiffs’ bar and that demonstrated unusual dedication and
creativity.” Law360 has selected Lieff Cabraser as one of the Top
50 law firms nationwide for litigation, highlighting our firm’s “laser
focus” and noting that our firm routinely finds itself “facing off
against some of the largest and strongest defense law firms in the
world.” In late 2016, Benchmark Litigation named Lieff Cabraser
one of the “Top 10 Plaintiffs’ Firms in America.”
For more information about Lieff Cabraser and the firm’s representation
of investors, please visit http://www.lieffcabraser.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170717006111/en/
Source/Contact for Media Inquiries OnlyLieff Cabraser
Heimann & Bernstein, LLPSharon M. Lee, 1-800-541-7358
