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CenturyLink, Inc. Securities Fraud Class Action

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CompanyCenturyLink, Inc.
CourtUnited States District Court for the District of Minnesota
Case Number18-cv-00296
JudgeHonorable Michael J. Davis
Class PeriodMarch 1, 2013 through July 12, 2017
Security TypeCommon Stock

Case Background:

This is a federal securities fraud class action lawsuit on behalf of all persons and entities who purchased or otherwise acquired publicly-traded CenturyLink, Inc. (“CenturyLink” or the “Company”) common stock between March 1, 2013 and July 12, 2017, both dates inclusive (the “Class Period”).

The complaint alleges CenturyLink publicly issued materially false and misleading statements and omitted material facts necessary to make Defendants’ statements not false or misleading, regarding its unlawful business practices and its failure to comply with applicable laws and regulations.  Specifically, CenturyLink incentivized unethical and unlawful behavior, including by allowing CenturyLink employees to add services, lines, and accounts for customers without their permission, resulting in millions of dollars in unauthorized charges to CenturyLink customers.  Further, contrary to CenturyLink’s representations, the Company’s revenues and earnings growth were unsustainable because they were dependent upon improper and illegal conduct that subjected the Company to heightened regulatory scrutiny, governmental action, and significant sanctions that could severely curtail its business.
Current Status of Case:
On July 21, 2021, the Court approved a Settlement in the amount of $55,000,000.00. This action has concluded. 
Please be advised that the deadline to file a claim was August 13, 2021.  If you have any questions or need further information about this settlement, you may go to the following website, https://www.centurylinksecuritieslitigation.com/, or you can contact the claims administrator, Epiq Global, Inc. at 1-800-726-0952.

The deadline to file a claim is August 13, 2021.  If you have any questions or need further information about this settlement, you may go to the following website, https://www.centurylinksecuritieslitigation.com/, or you can contact the claims administrator, Epiq Global, Inc. at 1-800-726-0952.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

Please complete this form and list your purchase and sale transaction(s) for CenturyLink, Inc.(NYSE: CTL) securities between March 1, 2013 to July 12, 2017, both dates inclusive (the “Class Period”):

Click here to print a PDF of this form

SUBMIT YOUR INFORMATION
* Denotes required field
Date
# of Shares
Price per Share
Date
Principal Amount
Amount Paid
Series or CUSIP
Date
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of CenturyLink, Inc. (2017) prior to the Class Period?
Are you a current or former employee of CenturyLink, Inc. (2017)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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