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Shareholder Class Action Filed Against CenturyLink, Inc.
Company Name: CenturyLink, Inc.
Court: United States District Court for the District of Minnesota
Case Number: 18-cv-00296
Judge: The Hon. Michael J. Davis
Class period: Between March 1, 2013 and July 12, 2017
Security Type: Common Stock or 7.60% Senor Notes due September 15, 2039

Case Background:

On June 22, 2017, the initial complaint in this securities class action was filed against CenturyLink, Inc. (“CenturyLink” or the “Company”), and certain of CenturyLink’s directors, officers and underwriters, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.  The complaint alleges that CenturyLink publicly issued materially false and misleading statements and omitted material facts, 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.

On September 14, 2020, the Court certified the Class as all persons and entities that purchased or otherwise acquired publicly-traded CenturyLink, Inc. common stock or 7.60% Senor Notes due September 15, 2039, during the period between March 1, 2013 to July 12, 2017.

Current Status of Case:

Fact discovery will close on February 3, 2021 and opening summary judgment briefs will be filed by May 5, 2021.  This action is still ongoing.

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.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-844.887.9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

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”):

You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 844.887.9500, or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

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# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# 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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