Lumen Technologies, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the common stock of Lumen Technologies Inc. f/k/a CenturyLink, Inc. (NYSE: LUMN, CTL) between September 14, 2020 and February 7, 2023, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than May 2, 2023.

If you purchased  Lumen securities and would like to join the action, please click “Join This Class Action.”

Class Period:September 14, 2020 through February 7, 2023
If you invested in Lumen common stock you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, the defendants made false and/or misleading statements and/or failed to disclose that:

  • various headwinds were impeding the Company’s ability to invest in and grow its Quantum Fiber brand;
  • Lumen’s Quantum Fiber business was not progressing as was represented to the investing public;
  • Lumen’s management was reassessing its strategic priorities and had placed a hold on the plans to quickly scale up the Quantum Fiber brand; and
  • as a result of Lumen’s decision to delay expansion of Quantum Fiber, the Company’s results and metrics were negatively impacted and the scaling up of Quantum Fiber would not occur until, at the earliest, the end of 2023.
  • as a result, defendants’ statements were materially false and misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Lumen Technologies, Inc.
Stock Symbol: LUMN, CTL
Class Period: September 14, 2020 through February 7, 2023
Court: United States District Court for the Western District of Louisiana

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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