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.
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