Scott+Scott, Attorneys at Law, LLP Notifies Investors That Only 7 Days Remain Before Lead Plaintiff Deadline in CenturyLink

Scott+Scott, Attorneys at Law, LLP Notifies Investors That Only 7 Days Remain
Before Lead Plaintiff Deadline in CenturyLink Class Action Lawsuit -- CTL

NEW YORK, July 29, 2013 (GLOBE NEWSWIRE) -- On June 5, 2013, Scott+Scott,
Attorneys at Law, LLP filed the first class action complaint against
CenturyLink, Inc. ("CenturyLink" or the "Company") on behalf of the putative
class of investors who purchased or otherwise acquired CenturyLink securities
(NYSE:CTL) between August 8, 2012 and February 14, 2013, inclusive (the "Class
Period"). The securities class action lawsuit, pending in the United States
District Court for the Southern District of New York, seeks remedies under the
Securities Exchange Act of 1934.

Investors who purchased CenturyLink common stock during the Class Period and
wish to serve as a lead plaintiff in the class action must move the Court no
later than August 5, 2013.Members of the investor class may move the Court to
serve as lead plaintiff through counsel of their choice, or may choose to do
nothing and remain an absent class member in the lawsuit.If you wish to view
the class action complaint, discuss the CenturyLink lawsuit, or have questions
concerning this notice or your rights, please contact Scott+Scott
(scottlaw@scott-scott.com, (800) 404-7770, (860) 537-5537) or visit the
Scott+Scott website for more information: http://www.scott-scott.com.

There is no cost or fee to you.

Based in Monroe, Louisiana, CenturyLink, a Louisiana corporation, is the
third-largest telecommunications company in the United States.CenturyLink
provides communications and data services to residential, business,
governmental, and wholesale customers.

The securities class action charges that, throughout the Class Period,
CenturyLink made false and/or misleading statements to investors and failed to
disclose material adverse facts concerning CenturyLink's dividend cut.

Specifically, the complaint alleges that CenturyLink misled investors
concerning the strength of its free cash flow, which was an important factor
in the Company's ability to maintain its dividend levels.These false and
misleading statements artificially inflated, maintained, and increased the
price of CenturyLink's common stock, which traded as high as $42.99 during the
Class Period.

On February 13, 2013, CenturyLink shocked investors when it issued a press
release announcing that that it was immediately slashing its quarterly
dividend by over 25%, from 72.5¢ to 54¢ per share.At the same time,
CenturyLink announced authorization to repurchase up to $2.0 billion of the
Company's outstanding common stock.In response to this news, the price of
CenturyLink common stock plummeted over 22% – to $32.27 per share on February
14, 2013, resulting in millions of dollars in damages to CenturyLink
shareholders.

Scott+Scott has significant experience in prosecuting major securities,
antitrust, and employee retirement plan actions throughout the United
States.The firm represents pension funds, foundations, individuals, and other
entities worldwide.


CONTACT: Michael Burnett
         Scott+Scott LLP
         (800) 404-7770
         (860) 537-5537
         scottlaw@scott-scott.com, or
         mburnett@scott-scott.com
 
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