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If you suffered losses in Lumen Technologies stock contact Lumen Technologies stock loss lawyer Timothy L. Miles
OVERVIEW OF THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT synopsis
Welcome to this investor synopsis of the Lumen Technologies class action lawsuit. In this synopsis, we take a hard look at Lumen Technologies including its background and leadership, and then delve into the Lumen Technologies class action lawsuit, including the lead plaintiff process, and much more.
We hope you find this information useful and helpful. If you are thinking of moving for lead plaintiff status in the Lumen Technologies class action lawsuit, or have any questions about you rights as a class member or anything else, please do not hesitate to reach out to Timothy L. Miles. This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. And, the call is free and so is the fee unless we win or settle your case. about LUMEN TECHNOLOGIES
Lumen Technologies, Inc., an organization which specializes in technology and communications, offers various products and services such as Lumen, Quantum Fiber, and CenturyLink to customers both in the US and overseas. The company is divided into two segments, Business and Mass Markets, and offers services like edge cloud solutions, IT solutions, unified communication and collaboration solutions, colocation and data center services, content delivery services, and managed security services. They also provide IP and data services, which include VPN data network, Ethernet, voice over internet protocol, and internet protocol. Furthermore, they offer fiber infrastructure services such as high bandwidth optical wavelength networks and professional services related to unlit optical fiber. Additionally, they provide voice and other services like private line services, which is a direct circuit connecting two or more sites, a portfolio of traditional time division multiplexing voice services, synchronous optical network-based ethernet, legacy data hosting services, and conferencing services. Lumen Technologies, Inc. was previously known as CenturyLink, Inc. and changed its name in September 2020. It was originally formed in 1968 and is based in Monroe, Louisiana.
Leadership: Key Executives
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] or by submitting a contact form. Lead plaintiff motions for the Lumen Technologies class action lawsuit must be filed with the court no later than November 14, 2023. ALLEGATIONS IN THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT
The Lumen Technologies class action lawsuit alleges that Lumen Technologies is one of multiple telecommunications companies that inherited the Bell Telephone Company’s (“Bell System”) telecom cables following the breakup of the Bell System’s telecommunications monopoly in 1984.
The Lumen Technologies class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Lumen Technologies owned and/or still owns thousands of miles of cables wrapped in lead, a known neurotoxin, within the U.S.; (ii) this has harmed and posed the risk of further harming the environment, exposed Lumen Technologies employees and the general public, thereby posing a significant public health risk and environmental pollution risk; (iii) Lumen Technologies was on notice about the damage and risks presented by these lead-covered cables but did not disclose them as a potential threat to everyday people and communities, as well as failed to provide adequate lead training to employees; and (iv) all of the above subjected Lumen Technologies to a heightened risk of governmental and regulatory oversight and enforcement action, as well as legal and reputational harm. THE LEAD PLAINTIFF PROCESS IN 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. 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 and other advantages to serving as lead plaintiff in a class action against Lumen Technologies if you suffered losses in Lumen Technologies stock. SHARES PURCHASED OUTSIDE OF THE CLASS PERIOD
No. Even if you suffered losses in Lumen Technologies stock, if you purchased securities outside of the Class period, you will not be able to participate in the Lumen Technologies class action lawsuit.
LEAD PLAINTIFFS will not GET MORE MONEY THAN CLASS MEMBERS IF THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT SETTLES
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.
CAN THE COURT APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT?
Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee 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 Lumen Technologies class action lawsuit. HOW CAN A LUMEN TECHNOLOGIES STOCK LOSS LAWYER HELP ME IF I SUFFERED LOSSES IN LUMEN TECHNOLOGIES STOCK?
A Lumen Technologies stock loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation and focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer.
In most cases, they have lost money due to mistakes, incompetence, or fraud by an investment professional. While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discover every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct. Look for a securities lawyer with experience, high ethical standards, verifiable credentials, and a trustworthy reputation among his peers and the judiciary, as well as testimonials from previous clients and awards and recognitions. One name that immediately pops up is nationally known and widely respected Nashville lawyer Timothy L. Miles, who has valuable experience and has received numerous awards, mostly due to his high ethical standards, and hard work ethic, including most recently being named a Top 25 Class action lawyer by the National Trial Lawyers Association, and has maintained an AV rating from Martindale-Hubble since 2014, was named a 2023 Top Rated Litigator and 2023 Top Rated Lawyer by Martindale-Hubble and ALM, and was recently named a 2023 Elite Lawyer of the South by Martindale-Hubble for the fifth year in a row, and was a recipient of Avvo Client’s Choice Award in 2021, in 2022 was featured in the Top 100 Lawyers Magazine and received the Lifetime Achievement Award by Premier Lawyers of America (2019–2021). This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. IF I SUFFERED LOSSES IN LUMEN TECHNOLOGIES STOCK, HOW MUCH CAN I GET OUT OF THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT?
In a securities fraud class action lawsuit, the plaintiff’s damages are typically calculated as out-of-pocket losses. These losses are expressed as the difference between the price at which the stock was sold and the price at which the stock would have been sold absent any artificial inflation caused by the defendant’s alleged misrepresentations or omissions which is why you suffered losses in Lumen Technologies stock. Contact a Lumen Technologies stock loss lawyer who can explain your losses in greater detail.
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, 6Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney 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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The Law Offices of Timothy L. Miles Tapestry at Brentwood Town Center 300 Centerview Dr., #247 Brentwood, TN 37027 Phone: (855) 846-6529 Email: [email protected] HOURS OF OPERATION Mon-Fri: 24/7 Sat-Sun: 24/7 |
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