SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their
Investment in CenturyLink, Inc. of Class Action Lawsuit and Deadline of
August 5, 2013 to Seek Lead Plaintiff Position
NEW YORK -- July 29, 2013
Levi & Korsinsky 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 investors who purchased CenturyLink, Inc. (“CenturyLink” or the
“Company”) (NYSE: CTL) stock between August 8, 2012 and February 14, 2013.
For more information, click here: http://zlk.9nl.com/centurylink-ctl/.
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
On February 13, 2013, CenturyLink announced it would cut its dividend by over
a quarter, from 72.5 cents to 54 cents per share. The Company also authorized
the repurchase of up to $2 billion of the Company’s outstanding common stock.
Upon this news, shares of CenturyLink fell from a close of $41.69 on the day
of the announcement to a close of $32.27 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
email@example.com or by telephone at (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey, 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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
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