SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $300,000 From Investment in CenturyLink, Inc.
SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $300,000 From Investment in CenturyLink, Inc. to Contact Brower Piven Before the August 5, 2013 Lead Plaintiff Deadline -- CTL STEVENSON, Md., June 7, 2013 (GLOBE NEWSWIRE) -- Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of CenturyLink, Inc. ("CenturyLink" or the "Company") (NYSE:CTL) securities during the period between August 8, 2012 and February 14, 2013, inclusive (the "Class Period"). If you have suffered a net loss from investment in CenturyLink, Inc. securities purchased on or after August 8, 2012, and held through February 14, 2013, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at firstname.lastname@example.org, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years. No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than August 5, 2013 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period that CenturyLink was planning to drastically alter its capital allocation plans by committing a significant amount of free cash flow to the repurchase of billions of dollars of its own common stock and by significantly altering its dividend policy. According to the complaint, following the Company's February 13, 2013 disclosure that it was cutting its dividend by over 25% and that the Company's Board of Directors had authorized the repurchase of up to $2.0 billion of outstanding common stock, the value of CenturyLink shares declined significantly. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class. CONTACT: Charles J. Piven Brower Piven, A Professional Corporation Stevenson, Maryland 410/415-6616 email@example.com