New York, New York--(Newsfile Corp. - March 28, 2023) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Lumen Technologies, Inc. (NYSE: LUMN) alleging that the Company violated federal securities laws.
This lawsuit is on behalf of all persons or entities who purchased or otherwise acquired Lumen common stock between September 14, 2020, and February 7, 2023, inclusive.
Lead Plaintiff Deadline: May 2, 2023
No obligation or cost to you.
Learn more about your recoverable losses in LUMN:
https://www.kleinstocklaw.com/pslra-1/lumen-technologies-inc-loss-submission-form?id=37801&from=5
Lumen Technologies, Inc. NEWS - LUMN NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Lumen Technologies, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) various headwinds were impeding the Company's ability to invest in and grow its Quantum Fiber brand; (ii) Lumen's Quantum Fiber business was not progressing as was represented to the investing public; (iii) Lumen's management was reassessing its strategic priorities and had placed a hold on the plans to quickly scale up the Quantum Fiber brand; and (iv) as a result of Lumen's decision to delay expansion of Quantum Fiber, the Company's results and metrics were negatively impacted and the scaling up of Quantum Fiber would not occur until, at the earliest, the end of 2023.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Lumen you have until May 2, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Lumen securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the LUMN lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
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