Skip to Main Content

CenturyLink, Inc. Securities Fraud Class Action

View Complaint
COMPANY         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 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.  This is a federal securities class action brought on behalf of all persons and entities who purchased or otherwise acquired publicly-traded CenturyLink common stock during the period between March 1, 2013 to July 12, 2017, both dates inclusive (the “Class Period”), and who were damaged thereby.

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. 

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,, 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 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”):

You may also contact Jon Naji, Esq. toll free at 844.887.9500, or you may submit your information via email at, or you may click here to print a PDF of this form.

* Denotes required field
# 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.
I agree to the KTMC disclaimer
I would like to receive new case alerts by email