Centurylink Inc

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Case Summary
Company Name: Centurylink Inc
Stock Symbol : NYSE: CTL
Class Period Start: 02/27/2014
Class Period End: 06/15/2017
Lead Plaintiff motion: 08/21/2017
Date Filed: 08/21/2017
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of New York
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the August 21, 2017 lead plaintiff deadline in a class action lawsuit filed against Centurylink Inc (NYSE: CTL) (“CenturyLink” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Centurylink Inc securities between February 27, 2014 and June 15, 2017, have until August 21, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Centurylink Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that CenturyLink’s policies allowed its employees to add services or lines to accounts without customer permission, resulting in millions of dollars in unauthorized charges to CenturyLink customers; accordingly, the Company’s revenues were the product of illicit conduct and unsustainable; the foregoing illicit conduct was likely to subject CenturyLink to heightened regulatory scrutiny; and as a result of the foregoing, CenturyLink’s public statements were materially false and misleading at all relevant times.

On June 16, 2017, Bloomberg reported on a lawsuit filed by a former CenturyLink employee who claimed that she was fired for blowing the whistle on the high-pressure sales culture that caused customers to pay millions of dollars for accounts they did not request, to Chief Executive Officer Glen Post.

Following this news, NYSE: CTL dropped, causing investors harm according to the Complaint.

If you were negatively impacted by your investment in Centurylink Inc securities between February 27, 2014 and June 15, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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