A lawsuit was filed on behalf of investors in Centurylink Inc’s 7.60% Senior Notes, Series P, due 2039 over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 11/13/2017 -- An investor in Centurylink Inc's 7.60% Senior Notes, Series P, due 2039 filed a lawsuit over alleged violations of Federal Securities Laws by Centurylink Inc (NYSE:CTL).
Investors who purchased Centurylink Inc's 7.60% Senior Notes, Series P, due 2039 have certain options and for certain investors are short and strict deadlines running. Deadline: December 26, 2017. Centurylink Inc's 7.60% Senior Notes, Series P, due 2039 investors should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The plaintiff claims that Centurylink Inc (NYSE:CTL) and certain of its officers issued a series of materially false or misleading representations to the market, which had the effect of artificially inflating the market price for the bonds during the period March 1, 2013 through June 19, 2017.
On June 16, 2017, an article was published entitled "CenturyLink Is Accused of Running a Wells Fargo-Like Scheme," stating that a "former CenturyLink Inc. employee claims she was fired for blowing the whistle on the telecommunications company's high-pressure sales culture that left customers paying millions of dollars for accounts they didn't request." The article states that "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."
Those who purchased Centurylink Inc's 7.60% Senior Notes, Series P, due 2039 have certain options and should contact the Shareholders Foundation.
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