Investors of Lumen Technologies Urged by Rosen Law Firm to Act Before November 14 Deadline Due to Allegations of Misconduct

Rosen Law Firm, a global investor rights law firm, has issued a reminder for investors who have purchased shares of Lumen Technologies, Inc. LUMN from March 11, 2019, to July 14, 2023, to secure legal counsel ahead of the critically important November 14, 2023, lead plaintiff deadline. This call to action relates to a pending securities class action that addresses allegations against the company concerning certain potentially harmful and misleading business practices.

Claims Against Lumen Technologies

The allegations suggest that Lumen Technologies, which provides various telecommunications services including network services, cloud solutions, and managed services, may have failed to appropriately disclose the environmental and health risks associated with its operations. Specifically, it is claimed that Lumen owned or currently owns extensive lengths of cabling covered in lead, a harmful neurotoxin, across the United States. The failure to adequately warn about these risks could have resulted in environmental damage, risks to public health, and potential exposure of both its employees and the general public to lead.

Furthermore, the defendants are accused of not providing necessary lead training to employees and lacking transparency regarding the potential threats to communities. The ensuing risks of increased government and regulatory scrutiny and potential enforcement actions, in addition to legal and reputational harm, are cited as reasons for the potential devaluation of Lumen's shares. When these details eventually surfaced, investors purportedly endured financial damages as a result of the alleged misinformation.

Investor Action and Potential Compensation

Investors who have acquired LUMN stock within the specified class period are encouraged to partake in the class action. Joining the lawsuit could entitle them to recover their losses without upfront fees, owing to the contingency fee arrangement outlined by the Rosen Law Firm. Those who wish to be appointed as lead plaintiff, a role that involves representing the class members in the lawsuit, must signal their intent to the Court no later than the set deadline of November 14, 2023.

Rosen Law Firm advocates for the choice of experienced and accomplished legal counsel, noting their history of successful securities class action settlements and leadership roles in such cases. The firm emphasizes its global reach and specialty in shareholder derivative litigation, highlighting several accolades and significant recovery amounts for investors, including a record securities class action settlement against a Chinese company.

Investors who decide not to take any action at this moment can choose to stay as absent class members, and their eligibility to share in any potential future recovery doesn't depend on their serving as lead plaintiff.

Contact and Legal Representation Information

For further details on this class action or to participate, investors are directed to contact the Rosen Law Firm through the provided channels. As this legal matter progresses, investors and interested parties are encouraged to follow updates offered by the firm through various social media platforms, including LinkedIn, Twitter, and Facebook.

This notice serves to inform affected investors of the current situation and their legal options, and the information presented is not intended as an endorsement of legal services or an advertisement for any specific outcome.

Lumen, Investors, Deadline, ClassAction, RosenLawFirm, Telecommunications, Misconduct