The information contained on this website is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses. Because this website provides just a summary, you should review the Notice for additional details.
In this securities class action (the “Action”), the Court-appointed Lead Plaintiff and Class Representative the State of Oregon by and through the Oregon State Treasurer and the Oregon Public Employee Retirement Board, on behalf of the Oregon Public Employee Retirement Fund, and named plaintiff and Class Representative Fernando Alberto Vildosola, as trustee for the AUFV Trust U/A/D 02/19/2009 (collectively, “Plaintiffs”) alleged that defendants CenturyLink, Glen F. Post, III, R. Stewart Ewing, Jr., David D. Cole, Karen Puckett, Dean J. Douglas, and G. Clay Bailey (collectively, “Defendants”) violated the federal securities laws by making false and misleading statements regarding CenturyLink’s business.
Plaintiffs, on behalf of themselves and the Class, have reached a proposed settlement of the Action for $55,000,000 in cash that resolves all claims in the Action (the “Settlement”). On July 20, 2021, the Court held a hearing on the Settlement and related matters. Following the hearing, the Court entered a Memorandum of Law & Order finally approving the Settlement, approving the Plan of Allocation for the proceeds of the Settlement, and awarding attorney's fees and litigation expenses to Plaintiffs’ Counsel.
If you are a member of the Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Class consists of:
All persons and entities that purchased or otherwise acquired publicly traded CenturyLink common stock or 7.60% Senior Notes due September 15, 2039 during the period from March 1, 2013 through July 12, 2017, inclusive, and who were damaged thereby, except for certain persons and entities who are excluded from the Class by definition.
If you are a member of the Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form by mail postmarked no later than August 13, 2021, or online using this website, no later than August 13, 2021.
Payments to eligible claimants will be made only after the completion of all claims processing. Please be patient, as this process will take some time to complete.
|AUGUST 13, 2021
CLAIM FILING DEADLINE
|To be eligible to receive a payment from the Settlement, you must mail the Claim Form and supporting documentation, postmarked no later than August 13, 2021, or submit it electronically no later than August 13, 2021, in accordance with the instructions in the Notice and Claim Form.|