Lumen Technologies, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
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CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
According to the Complaint, the Defendants are accused of making false and/or misleading statements by misrepresenting and failing to disclose important negative information related to the Company’s business, operations, and prospects. The Defendants were aware of these facts or deliberately disregarded them. The false and/or misleading statements and/or omissions made by Defendants include the following: (1) obstacles were hindering the Company’s ability to invest in and expand its Quantum Fiber brand; (2) Quantum Fiber was not making progress as claimed to the public; (3) the Company’s management was reevaluating its strategic priorities and had halted plans to quickly expand the Quantum Fiber brand; and (4) due to the Company’s decision to postpone the expansion of Quantum Fiber, its results and metrics were negatively impacted, and the scaling up of Quantum Fiber would not occur until, at the earliest, the end of 2023.
