The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased CenturyLink, Inc. (NYSE: CTL) 7.60% Senior Notes, Series P, due 2039, between March 1, 2013 and June 19, 2017.
The complaint alleges that defendants during the Class Period made false and misleading statements and/or failed to disclose that: (1) CenturyLink’s policies allowed its employees to add services or lines to accounts without customer permission, resulting in millions of dollars in unauthorized charges to CenturyLink customers; (2) CenturyLink’s illicit practices were designed to allow it to gain an advantage over its competitors and to increase profits; (3) CenturyLink’s illicit conduct was likely to subject it to heightened regulatory scrutiny; (4) CenturyLink’s revenues were the product of illicit conduct and were unsustainable; and (5) as a result, CenturyLink’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in CenturyLink you have until December 26, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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