LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24CTL&src=ctag” target=”_blank”gt;$CTLlt;/agt; lt;a href=”https://twitter.com/hashtag/Centurylink?src=hash” target=”_blank”gt;#Centurylinklt;/agt;–The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against CenturyLink, Inc.
(“CenturyLink” or “the Company”) (NYSE: CTL)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
Investors who purchased the Company’s shares between May 10, 2018 and
March 4, 2019, inclusive (the “Class Period”), are encouraged to contact
the firm before May 6, 2019.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at [email protected].
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market.
Join
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation. CenturyLink failed to disclose the material weakness of its
revenue recording process along with the procedures for measuring the
fair value of assets and liabilities related to the acquisition of Level
3 Communications, Inc. As a result, the Company delayed the filing of
its Form 10-K for the fiscal year ending December 31, 2018, despite
reporting the results by press release on February 13, 2019. Based on
these facts, the Company’s public statements were false and materially
misleading throughout the class period. When the market learned the
truth about CenturyLink, investors suffered damages.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
www.schallfirm.com
Office:
310-301-3335
Cell: 424-303-1964
[email protected]
