Investors Urged to Act Before Deadline in Lumen Technologies Securities Class Action

Investors in Lumen Technologies, Inc. LUMN, a prominent telecommunications firm, are being reminded by the Rosen Law Firm, a renowned global investor rights law firm, about the crucial deadline of November 14, 2023. This date marks the lead plaintiff deadline in a securities class action lawsuit spanning the period between March 11, 2019, and July 14, 2023. Claimants owning Lumen securities within this timeframe may be eligible for compensation without payment of any out-of-pocket fees or expenses under a contingency fee arrangement.

Essential Action Steps for Lumen Investors

Lumen shareholders who wish to participate in the class action must sign up by November 14, 2023, to potentially serve as lead plaintiff, a representative of the class members. This role is pivotal in steering the litigation. To join the lawsuit or seek further information, investors are invited to visit the provided link or contact the law firm directly through email or toll-free phone.

The Expertise of Rosen Law Firm

The Rosen Law Firm is advising investors to wisely choose their counsel by considering a firm's track record of success and leadership in previous securities class actions. The firm stands out with a history of substantial recoveries for shareholders globally, focusing on securities class actions and shareholder derivative litigation. Notably, the firm secured the largest securities class action settlement against a Chinese Company and has been ranked prominently for the number of securities class action settlements since 2013. Moreover, in 2020, the founding partner was recognized as a Titan of Plaintiffs' Bar, highlighting the firm’s esteemed position.

Details of Allegations Against Lumen Technologies

The lawsuit alleges that Lumen made false or misleading statements and failed to disclose pertinent information regarding the environmental and public health risks associated with its infrastructure. It is claimed that Lumen failed to reveal its ownership or possession of extensive lead-wrapped cables, which present significant risks of toxicity. The allegations point to a lack of disclosure about potential threats to communities and inadequate lead exposure training for employees. The suit suggests that as consequences of these actions, Lumen faced increased likelihood of regulatory scrutiny, legal, and reputational damage. Upon these details emerging into public knowledge, the claim is that investors incurred losses.

What Investors Should Do

Investors in Lumen are not represented by counsel until a class is certified or they retain one on their own. They have the option to choose their legal representation or remain an absent class member at this point. An investor’s chance to share in any prospective future recovery does not depend on their status as a lead plaintiff.

The Rosen Law Firm has built a reputation for its dedicated advocacy of investor rights and is actively reaching out to Lumen investors to join the class action prior to the November 14 deadline. As the proceedings advance, investors are encouraged to stay updated on the case and their potential role within it.

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