SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With Losses on
their Investment in CenturyLink, Inc. of Class Action Lawsuit Investigation -
NEW YORK, June 21, 2013
NEW YORK, June 21, 2013 /PRNewswire/ --Pomerantz Grossman Hufford Dahlstrom &
Gross LLP is investigating claims on behalf of investors of CenturyLink, Inc.
("CenturyLink" or the "Company") (NYSE: CTL) (CUSIP: 156700106) who purchased
CenturyLink common stock between August 8, 2012 and February 14, 2013 (the
"Class Period"). Such investors are advised to contact Robert S. Willoughby at
email@example.com or 888-476-6529, ext. 237.
The investigation concerns whether CenturyLink and certain of its officers
and/or directors have violated Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934.
On February 13, 2013, CenturyLink issued a press release announcing that it
was immediately slashing its dividend by over 25%, from $0.725 to $0.54 cents
per share. At the same time, CenturyLink announced authorization to repurchase
up to $2.0 billion of the Company's outstanding common stock. On this news,
the price of CenturyLink common stock fell $9.42 per share or over 22% to
$32.27 per share on February 14, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego, and Florida,
is acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz Firm
pioneered the field of securities class actions. Today, more than 70 years
later, the Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP
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