Globe Newswire 15-Mar-2019 10:50 PM
NEW ORLEANS, March 15, 2019 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until May 6, 2019 to file lead plaintiff applications in a securities class action lawsuit against CenturyLink, Inc. (NYSE:CTL), if they purchased the Company's securities between May 10, 2018 and March 4, 2019, inclusive (the "Class Period"). This action is pending in the United States District Court for the Central District of California.
CenturyLink investors should visit us at https://www.claimsfiler.com/cases/view-centurylink-inc-securities-litigation-2 or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
CenturyLink and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 4, 2019, the Company disclosed that it was unable to file its Form 10-K annual report for the period ended December 31, 2018 on time due to a "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."
On this news, the price of CenturyLink's shares plummeted.
The case is Caliendo v. Centurylink, Inc. et al, 19cv1629.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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