NEW YORK, June 7, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at CenturyLink, Inc. ("CenturyLink" or the "Company") (NYSE: CTL).
The investigation focuses on whether CenturyLink made materially false and misleading statements regarding the Company's dividend cut. Specifically, the investigation focuses on whether the Company issued false and misleading statements in regards to its free cash flow, which significantly impacts the ability of CenturyLink to offer the high dividend it paid over the past several months.
On February 13, 2013, CenturyLink issued a press release announcing that its dividend was being dramatically decreased by over 25%, dropping from $0.725 to $0.54 per share. Following this news, the Company's common stock price declined more than 22% -- to $32.27 per share.
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If you invested in CenturyLink stock or options between August 8, 2012 and February 14, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/CTL. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com or firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding CenturyLink's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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