Press release
Deadline on May 2, 2023, coming up in Lawsuit for Investors in Lumen Technologies, Inc. (NYSE: LUMN)
A Deadline is coming up on May 2, 2023 in the lawsuit for certain investors in Lumen Technologies, Inc. (NYSE: LUMN).
Investors who purchased shares of Lumen Technologies, Inc. (NYSE: LUMN) have certain options and there are strict and short deadlines running. Deadline: May 2, 2023. NYSE: LUMN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Western District of Louisiana the plaintiff alleges on behalf of purchasers of Lumen Technologies, Inc. (NYSE: LUMN) common shares between September 14, 2020 and February 7, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 14, 2020 and February 7, 2023, the defendants made false and/or misleading statements and/or failed to disclose that various headwinds were impeding Lumen's ability to invest in and grow its Quantum Fiber brand, that Quantum Fiber was not progressing as was represented to the public, that Lumen's management was reassessing its strategic priorities and had placed a hold on the plans to quickly scale up the Quantum Fiber brand, and that as a result of Lumen's decision to delay expansion of Quantum Fiber, Lumen's results and metrics were negatively impacted and the scaling up of Quantum Fiber would not occur until, at the earliest, the end of 2023.
Those who purchased shares of Lumen Technologies, Inc. (NYSE: LUMN) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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