If you suffered losses in Lumen Technologies stock contact Lumen Technologies stock loss lawyer Timothy L. Miles
What is the lumen technologies class action lawsuit about?
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 for more answers to frequently asked questions about the Lumen Technologies class action lawsuit.
what are the 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.
CAN I BE APPOINTED LEAD PLAINTIFF IN THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT IF I PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD?
No. Even if you suffered losses in Lumen Technologies stock, if you purchased or sold securities outside of the Class period, you will not be able to participate 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 such as the Lumen Technologies class action lawsuit, 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.
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 such as the Lumen Technologies 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.
WHAT IF I MISS THE LEAD PLAINTIFF DEADLINE IN LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT?
If you purchased shares during the class period and suffered losses in suffered losses in Lumen Technologies stock, then you will automatically be a class member and entitled to share in any potential settlement or recovery. Your ability to be a class member and recover your losses is not dependent on you serving as a lead plaintiff. The sixty-day deadline applies only to those shareholders seeking to be a lead plaintiff in the Lumen Technologies class action lawsuit.
IF THERE IS A SETTLEMENT IN THE LUMEN TECHNOLOGIES CLASS ACTION LAWSUIT, AND I DO NOT THINK IT IS FAIR, WHAT ARE MY OPTIONS AS A CLASS MEMBER?
If you receive a notice that the Lumen Technologies class action lawsuit has been settled and you do not believe the settlement is fair but do not want to opt-out and file your own lawsuit, you may object to the settlement. You may object to any part of the settlement and the Court will consider all timely filed objections in the class action against Lumen Technologies. The notice will contain the date when any objections must be filed and include instructions on where to send your objection and include a date for the final hearing in the Lumen Technologies class action lawsuit if you would like to appear and be heard by the court 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.
Nashville 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.
The Law Offices of Timothy L. Miles
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