SAN FRANCISCO, June 20, 2017 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in CenturyLink, Inc. (NYSE: CTL) to the firm's investigation into possible securities law violations.
If you purchased or otherwise acquired securities of CTL before June 16, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing CTL@hbsslaw.com.
On June 16, 2017, Bloomberg published an article entitled "CenturyLink Is Accused of Running a Wells Fargo-Like Scheme."
According to the article, a former CenturyLink employee filed a lawsuit claiming she was fired for blowing the whistle on the Company's high-pressure sales culture that left customers paying millions of dollars for accounts they did not request. The employee reportedly alleges she was fired days after notifying Chief Executive Officer Glen Post of the alleged scheme during a companywide question-and-answer session held on an internal message board.
This news drove the price of CenturyLink shares down approximately 4.6% on heavy volume to close at $25.72 on June 16, 2017.
"We're focused on the allegations Bloomberg reported that, if true, inflicted significant damage on CenturyLink investors and may also indicate that the Company engaged in improper accounting in violation of generally accepted accounting principles," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding CenturyLink should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email CTL@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Reed Kathrein, 510-725-3000
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SOURCE Hagens Berman Sobol Shapiro LLP