LOS ANGELES, Aug. 16, 2017 /PRNewswire/ -- Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against CenturyLink, Inc. ("CenturyLink" or the "Company") (NYSE: CTL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between February 27, 2014 and June 15, 2017, inclusive (the "Class Period"), are encouraged to contact the firm before August 21, 2017, the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate.
We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm's website at http://www.goldberglawpc.com/, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, CenturyLink made materially false and misleading public statements, and/or failed to disclose material information, about its business and operations. Specifically, the Company allowed employees to add services or lines to accounts without customer permission, which resulted in millions of dollars in charges. On June 16, 2017, Bloomberg reported on a lawsuit filed by a former CenturyLink employee who alleges that her employment was terminated for blowing the whistle on the high-pressure sales culture that caused customers to pay millions of dollars for accounts they did not request, to Chief Executive Officer Glen Post. Following this news, CenturyLink's stock price dropped materially, which caused investors harm.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
Sohrab Izadi, Esq., 800-977-7401
Sherin Mahdavian, Esq., 800-977-7401
SOURCE Goldberg Law PC