{"id":739304,"date":"2023-03-10T23:58:03","date_gmt":"2023-03-11T04:58:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-lumen-technologies-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-lumn\/"},"modified":"2023-03-10T23:58:03","modified_gmt":"2023-03-11T04:58:03","slug":"investor-alert-lumen-technologies-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-lumn","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-lumen-technologies-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-lumn\/","title":{"rendered":"INVESTOR ALERT: Lumen Technologies, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit \u2013 LUMN"},"content":{"rendered":"

<\/p>\n

INVESTOR ALERT: Lumen Technologies, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit \u2013 LUMN<\/b><\/p>\n

SAN DIEGO–(BUSINESS WIRE<\/a>)–Robbins Geller Rudman & Dowd LLP<\/a><\/b> announces that the Lumen<\/i> class action lawsuit seeks to represent purchasers or acquirers of Lumen Technologies, Inc. (NYSE: LUMN) common stock between September 14, 2020 and February 7, 2023, both dates inclusive (the \u201cClass Period\u201d). Captioned\u00a0Voigt v. Lumen Technologies, Inc.<\/i>, No. 23-cv-00286 (W.D. La.), the\u00a0Lumen\u00a0<\/i>class action lawsuit charges Lumen and certain of Lumen\u2019s current and former top executives with violations of the Securities Exchange Act of 1934.\n<\/p>\n

If you suffered substantial losses and wish to serve as lead plaintiff of the Lumen <\/i>class action lawsuit, please provide your information here:<\/b><\/p>\n

https:\/\/www.rgrdlaw.com\/cases-lumen-technologies-inc-class-action-lawsuit-lumn.html<\/a><\/b><\/p>\n

You can also contact attorney J.C. Sanchez<\/a><\/b>of Robbins Geller by calling 800\/449-4900 or via e-mail at jsanchez@rgrdlaw.com<\/a>. Lead plaintiff motions for the Lumen <\/i>class action lawsuit must be filed with the court no later than May 2, 2023.<\/b><\/p>\n

CASE ALLEGATIONS<\/b>: Lumen purports to be an international facilities-based technology and communications company.\n<\/p>\n

\nThe Lumen Technologies <\/i>class action lawsuit alleges that defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (i) various headwinds were impeding Lumen\u2019s ability to invest in and grow its Quantum Fiber brand; (ii) Quantum Fiber was not progressing as was represented to the public; (iii) Lumen\u2019s management was reassessing its strategic priorities and had placed a hold on the plans to quickly scale up the Quantum Fiber brand; and (iv) as a result of Lumen\u2019s decision to delay expansion of Quantum Fiber, Lumen\u2019s results and metrics were negatively impacted and the scaling up of Quantum Fiber would not occur until, at the earliest, the end of 2023.\n<\/p>\n

\nOn February 9, 2022, Lumen revealed the negative effects of stressed supply chains on Lumen\u2019s operations and confirmed that those supply chain obstacles negatively impacted operations regarding Quantum Fiber. On this news, Lumen\u2019s stock price declined more than 15%.\n<\/p>\n

\nThen, on November 2, 2022, Lumen revealed further delays in the Quantum Fiber build, acknowledging that Quantum Fiber was \u201cnot yet where we want to be\u201d and that Lumen has \u201cmuch more to do.\u201d Lumen further revealed that it \u201cslowed some of [its] [digital] transformation[s]\u201d while undertaking a series of divestiture transactions. On this news, Lumen\u2019s stock price declined nearly 18%.\n<\/p>\n

\nFinally, on February 7, 2023, Lumen revealed that work on Quantum Fiber had hit the \u201cstop button\u201d and acknowledged that its \u201clocation and subscriber results were impacted by the [Quantum Fiber] pause we had in place.\u201d On this news, Lumen\u2019s stock price declined nearly 21%, further damaging investors.\n<\/p>\n

THE LEAD PLAINTIFF PROCESS<\/b>: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Lumen common stock during the Class Period to seek appointment as lead plaintiff of the Lumen <\/i>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 Lumen <\/i>class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Lumen<\/i> class action lawsuit. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Lumen <\/i>class action lawsuit.\n<\/p>\n

ABOUT ROBBINS GELLER<\/b>: Robbins Geller is one of the world\u2019s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 \u2013 the third year in a row Robbins Geller tops the list. And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs\u2019 firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs\u2019 firms in the world, and the Firm\u2019s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever \u2013 $7.2 billion \u2013 in In re Enron Corp. Sec. Litig.<\/i> Please visit the following page for more information:\n<\/p>\n

https:\/\/www.rgrdlaw.com\/services-litigation-securities-fraud.html<\/a><\/b><\/p>\n

\nAttorney advertising.
\n
Past results do not guarantee future outcomes.
\n
Services may be performed by attorneys in any of our offices.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230310005340\/en\/<\/a><\/span><\/p>\n

\nRobbins Geller Rudman & Dowd LLP
\n
655 W. Broadway, Suite 1900, San Diego, CA 92101
\n
J.C. Sanchez, 800-449-4900
\n
jsanchez@rgrdlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Class Action Lawsuit Professional Services Legal<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
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INVESTOR ALERT: Lumen Technologies, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit \u2013 LUMN SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP announces that the Lumen class action lawsuit seeks to represent purchasers or acquirers of Lumen Technologies, Inc. (NYSE: LUMN) common stock between September 14, 2020 and February 7, 2023, both dates inclusive (the \u201cClass Period\u201d). Captioned\u00a0Voigt v. Lumen Technologies, Inc., No. 23-cv-00286 (W.D. La.), the\u00a0Lumen\u00a0class action lawsuit charges Lumen and certain of Lumen\u2019s current and former top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Lumen class action lawsuit, please provide your information here: https:\/\/www.rgrdlaw.com\/cases-lumen-technologies-inc-class-action-lawsuit-lumn.html You can also … <\/p>\n

Continue reading “INVESTOR ALERT: Lumen Technologies, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit \u2013 LUMN”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-739304","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINVESTOR ALERT: Lumen Technologies, Inc. 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Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit \u2013 LUMN SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP announces that the Lumen class action lawsuit seeks to represent purchasers or acquirers of Lumen Technologies, Inc. (NYSE: LUMN) common stock between September 14, 2020 and February 7, 2023, both dates inclusive (the \u201cClass Period\u201d). Captioned\u00a0Voigt v. Lumen Technologies, Inc., No. 23-cv-00286 (W.D. La.), the\u00a0Lumen\u00a0class action lawsuit charges Lumen and certain of Lumen\u2019s current and former top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Lumen class action lawsuit, please provide your information here: https:\/\/www.rgrdlaw.com\/cases-lumen-technologies-inc-class-action-lawsuit-lumn.html You can also … Continue reading "INVESTOR ALERT: Lumen Technologies, Inc. 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