July 10, 2013
/PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of
on behalf of investors who purchased CenturyLink, Inc. ("CenturyLink" or the "Company") (NYSE: CTL) stock between
August 8, 2012
February 14, 2013
For more information, click here:
The complaint alleges that defendants made materially false and misleading statements concerning the Company's dividend cut. In particular, it is alleged that CenturyLink misled investors regarding the strength of its free cash flow, which is a significant factor in the Company's ability to maintain its dividend levels. It is further alleged that as a result of the Company's misleading statements, CenturyLink stock traded at an artificially inflated price.
February 13, 2013
, CenturyLink announced it would cut its dividend by over a quarter, from
per share. The Company also authorized the repurchase of up to
of the Company's outstanding common stock. Upon this news, shares of CenturyLink fell from a close of
on the day of the announcement to a close of
the following day.
If you suffered a loss in CenturyLink you have until
August 5, 2013
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. To obtain additional information, contact
Joseph E. Levi, Esq.
either via email at
or by telephone at (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP