Thieler Law Corp advises investors with losses exceeding $100,000 of the May 6, 2019 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 Central District of California and investors, who purchased CenturyLink Inc securities between May 10, 2018 and March 4, 2019, have until May 6, 2019 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 had undisclosed material weaknesses in its internal controls over revenue recording processes and the procedures for measuring fair value of assets and liabilities assumed in connection with its Level 3 Communications, Inc. acquisition; consequently, CenturyLink would delay the filing of its Form 10-K for the fiscal year ended December 31, 2018 despite initially reporting those financial results in a press release dated February 13, 2019; and as a result, CenturyLink’s public statements were materially false and misleading at all relevant times.

On March 4, 2019, the Company revealed that it had “identified material weaknesses in internal controls over the Company’s revenue recording processes and the procedures for measuring fair value of assets and liabilities assumed in connection with the Level 3 Communications, Inc.” Due to this weakness, the Company would not file its annual report for the period ended December 31, 2018, in a timely manner.

Following this news, shares of CenturyLink fell, harming investors.

If you were negatively impacted by your investment in CenturyLink Inc securities between May 10, 2018 and March 4, 2019 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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