Contact Lumen Technologies stock loss lawyer Timothy L. Miles if you have questions about the lead plaintiff process
Introduction to the Lumen Technologies class action lawsuit
The Lumen Technologies class action lawsuit seeks to represent purchasers or acquirers of Lumen Technologies, Inc. (NYSE: LUMN) securities between March 11, 2019 and July 14, 2023, inclusive (the “Class Period”). Captioned McLemore v. Lumen Technologies, Inc. f/k/a CenturyLink, Inc., No. 23-cv-01290 (W.D. La.), the Lumen Technologies class action lawsuit charges Lumen Technologies and certain of its top current and former executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in Lumen Technologies stock and wish to serve as lead plaintiff in the Lumen Technologies class action lawsuit, please provide your information below. You can also contact Lumen Technologies Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected]. Lead plaintiff motions for the Lumen Technologies class action lawsuit must be filed with the court no later than November 14, 2023. Read on to learn everything you need to know about the lead plaintiff process under the Private Securities Litigation Reform Act of 1995. THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Lumen Technologies stock to seek appointment as lead plaintiff in the Lumen Technologies class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.
A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Lumen Technologies stock and have further questions, contact Lumen Technologies stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in a Lumen Technologies class action lawsuit if you suffered losses in Lumen Technologies stock. CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN LUMEN TECHNOLOGIES STOCK?
Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors. Thus, if a non-U.S. investor suffered losses in Lumen Technologies stock, they may move the Court to be appointed lead plaintiff in the Lumen Technologies class action lawsuit.
THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT
Serving as a Lead Plaintiff in the Lumen Technologies class action lawsuit has several advantages and important benefits including:
Thus, there are numerous benefits to serving as lead plaintiff in a class action against Lumen Technologies if you suffered losses in Lumen Technologies stock. WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT SETTLES?
No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the Lumen Technologies class action lawsuit. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class. However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the Lumen Technologies class action lawsuit on behalf of investors who suffered losses in Lumen Technologies stock.
CAN I BE LEAD PLAINTIFF IN THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT IF I AM LEAD PLAINTIFF IN ANOTHER CASE?
Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in Lumen Technologies stock, you may move to be appointed lead plaintiff in the Lumen Technologies class action Lawsuit.
HOW WAS THE CLASS PERIOD DETERMINED IN THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT?
In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives. The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading. The class period ends when the truth is revealed to the investing public through a corrective disclosure.
In order to be a part of the class in the Lumen Technologies class action Lawsuit, you must have suffered losses in Lumen Technologies stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the class action against Lumen Technologies. CONTACT A LUMEN TECHNOLOGIES STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN LUMEN TECHNOLOGIES STOCK ABOUT A LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT
If you suffered losses in Lumen Technologies stock, contact Lumen Technologies stock loss lawyer Timothy L. Miles today for a free case evaluation about a Lumen Technologies class action lawsuit. Call today and see what a Lumen Technologies stock loss lawyer could do for you if you suffered losses in Lumen Technologies stock.
Lumen Technologies stock loss lawyer Timothy L. MilesNashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors,shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,Class Action: Class Action: Top 9National Trial Lawyers, National Trial Lawyers Association (2023), a superb ratedattorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime. Comments are closed.
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