NYSE: LUMN

Lumen Technologies, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on purchasers of securities of Lumen Technologies, Inc. (NYSE: LUMN) between March 11, 2019 and July 14, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 14, 2023.

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

Class Period:March 11, 2019 through July 14, 2023
If you purchased Lumen securities during the Class Period 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • Lumen owned and/or still owns thousands of miles of cables wrapped in lead, a known neurotoxin, within the U.S.;
  • the foregoing has harmed and posed the risk of further harming the environment, exposed Lumen employees, and the general public, thereby posing a significant public health risk and environmental pollution risk;
  • Lumen was on notice about the damage and risks presented by these lead-covered cables but did not disclose them as a potential threat to everyday people and communities, as well as failed to provide adequate lead training to employees;
  • all the foregoing subjected Lumen to a heightened risk of governmental and regulatory oversight and enforcement action, as well as legal and reputational harm; and
  • as a result, Lumen’s public 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
Class Period: March 11, 2019 through July 14, 2023
Court: United States District Court for the Western District of Louisiana

Why Rosen Law

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.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

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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