NEW
YORK, March 8, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Lumen
Technologies, Inc..
Shareholders who purchased shares of LUMN during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/lumen-technologies-class-action-submission-form/?id=37092&from=4
CLASS PERIOD: This lawsuit is on behalf of all persons or
entities who purchased or otherwise acquired Lumen common stock
between September 14, 2020, and
February 7, 2023, inclusive.
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) various headwinds
were impeding the Company's ability to invest in and grow its
Quantum Fiber brand; (ii) Lumen's Quantum Fiber business was not
progressing as was represented to the investing public; (iii)
Lumen's management was reassessing its strategic priorities and had
placed a hold on the plans to quickly scale up the Quantum Fiber
brand; and (iv) as a result of Lumen's decision to delay expansion
of Quantum Fiber, the Company's results and metrics were negatively
impacted and the scaling up of Quantum Fiber would not occur until,
at the earliest, the end of 2023.
DEADLINE: May 2, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/lumen-technologies-class-action-submission-form/?id=37092&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of LUMN during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is May 2, 2023. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm