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Centurylink Inc (NYSE:CTL) 7.60% Senior Notes, Series P, due 2039 Investor Securities Class Action Lawsuit 10/25/2017

  • If you purchased Centurylink Inc’s 7.60% Senior Notes, Series P, due 2039, you have certain options and for certain investors are short and strict deadlines running. Deadline: December 26, 2017. Centurylink Inc’s 7.60% Senior Notes, Series P, due 2039 investors should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
CenturyLink, Inc.
Security
NYSE: CTL

Case Name
CenturyLink 7.60% Senior Notes Series P due 2039 Shareholder Class Action Lawsuit 10/25/2017
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of New York

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

An investor in Centurylink Inc’s 7.60% Senior Notes, Series P, due 2039, filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Centurylink Inc (NYSE:CTL) in connection with certain allegedly false and misleading statements made between March 1, 2013 through June 19, 2017

According to the complaint the plaintiff alleges on behalf of purchasers of Centurylink Inc’s 7.60% Senior Notes, Series P, due 2039, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that Centurylink Inc (NYSE:CTL) and certain of its officers issued a series of materially false or misleading representations to the market, which had the effect of artificially inflating the market price for the bonds during the period March 1, 2013 through June 19, 2017.

On June 16, 2017, an article was published entitled “CenturyLink Is Accused of Running a Wells Fargo-Like Scheme,” stating that a “former CenturyLink Inc. employee claims she was fired for blowing the whistle on the telecommunications company’s high-pressure sales culture that left customers paying millions of dollars for accounts they didn't request.” The article states that “she was fired days after notifying Chief Executive Officer Glen Post of the alleged scheme during a companywide question-and-answer session held on an internal message board.”