NEW YORK, June 21, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of CenturyLink, Inc. ("CenturyLink" or the "Company") (NYSE: CTL) (CUSIP: 156700106) who purchased CenturyLink common stock between August 8, 2012 and February 14, 2013 (the "Class Period"). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 237.
The investigation concerns whether CenturyLink and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On February 13, 2013, CenturyLink issued a press release announcing that it was immediately slashing its dividend by over 25%, from $0.725 to $0.54 cents per share. At the same time, CenturyLink announced authorization to repurchase up to $2.0 billion of the Company's outstanding common stock. On this news, the price of CenturyLink common stock fell $9.42 per share or over 22% to $32.27 per share on February 14, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby Pomerantz Grossman Hufford Dahlstrom & Gross LLP firstname.lastname@example.org
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP