The Klein Law Firm announces that a class action complaint has been filed on behalf investors who purchased 7.60% Senior Notes, Series P, due 2039, of CenturyLink, Inc. (NYSE: CTL) between March 1, 2013 and June 19, 2017. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
The complaint alleges that defendants during the Class Period made false and misleading statements and/or failed to disclose that: (1) CenturyLink’s policies allowed its employees to add services or lines to accounts without customer permission, resulting in millions of dollars in unauthorized charges to CenturyLink customers; (2) CenturyLink’s illicit practices were designed to allow it to gain an advantage over its competitors and to increase profits; (3) CenturyLink’s illicit conduct was likely to subject it to heightened regulatory scrutiny; (4) CenturyLink’s revenues were the product of illicit conduct and were unsustainable; and (5) as a result, CenturyLink’s public statements were materially false and misleading at all relevant times.
Shareholders have until December 26, 2017 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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