{"id":741723,"date":"2023-03-21T16:15:43","date_gmt":"2023-03-21T20:15:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lumen-technologies-investor-alert-kaplan-fox-kilshiemer-llp-notifies-lumen-technologies-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/"},"modified":"2023-03-21T16:15:43","modified_gmt":"2023-03-21T20:15:43","slug":"lumen-technologies-investor-alert-kaplan-fox-kilshiemer-llp-notifies-lumen-technologies-investors-of-a-class-action-lawsuit-and-upcoming-deadline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lumen-technologies-investor-alert-kaplan-fox-kilshiemer-llp-notifies-lumen-technologies-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/","title":{"rendered":"LUMEN TECHNOLOGIES INVESTOR ALERT: Kaplan Fox &amp; Kilshiemer LLP Notifies Lumen Technologies Investors of a Class Action Lawsuit and Upcoming Deadline"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, March  21, 2023  (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer, LLP reminds investors that a complaint has been filed on behalf of investors who purchased or otherwise acquired the common stock of Lumen Technologies, Inc. f\/k\/a CenturyLink (\u201cLumen\u201d or the \u201cCompany\u201d) <strong>(NYSE: LUMN)<\/strong> between <strong>September 14, 2020 and February 7, 2023<\/strong>, inclusive (the \u201cClass Period\u201d).<\/p>\n<p align=\"justify\">\n        <strong>If you acquired Lumen common stock during the Class Period and would like to discuss this case, please <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ImHpnacXD9cCsf4cRcMQDxIQLVFiYd_Rmbi9pAfGk1EyocigtOU8XSEsehk3ePwjLzQK7MYXjmT52mFHra8N6KKwgQpRn_aWwJxNv_0mVDnE4wIZ5d9if2vJv1P7rRCb\" rel=\"nofollow noopener\" target=\"_blank\">click here<\/a>. Or, you may contact us by emailing <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gLuz4i6mRV4iMCqz0uYgajmVEkCgytx8LzUAMtaLUag-0xh3Wnft6noY0aobVl4hTYSkytRjxVIwDYLM6hOq9PAkrCNCO1NMhWfRu_-BXXeNRhiqsgnbaFyPZOraO7MD\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <u>pmayer@kaplanfox.com<\/u><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong> or calling (646) 315-9003.<\/strong>\n      <\/p>\n<p align=\"justify\">If you are a member of the proposed Class, you may move the court <strong>no later than May 2, 2023<\/strong> to serve as a lead plaintiff for the purported class.\u00a0 If you have losses, we encourage you to contact us to learn more about the lead plaintiff process.<\/p>\n<p align=\"justify\">Lumen is a technology and communications company. According to the complaint, Lumen announced to investors that it would leverage its existing 400,000 route miles of fiber optic cable, which had previously serviced enterprise and wholesale markets, to expand its fiber services to small and medium business (\u201cSMB\u201d) and residential or consumer markets.<\/p>\n<p align=\"justify\">However, as alleged in the complaint, contrary to Defendants&#8217; statements touting the rate of investment and progress in expanding fiber services to SMB and residential markets, Lumen was experiencing serious issues that were impeding its ability to grow its newly targeted fiber markets.<\/p>\n<p align=\"justify\">The truth is alleged to have emerged through a series of disclosures, starting on February 9, 2022, when Defendants allegedly began to admit that the Company&#8217;s expansion into SMB residential fiber services markets was occurring slower than previously represented. Following this news, Lumen&#8217;s stock price fell $1.99 per share, or 15.52%, to close at $10.83 per share on February 10, 2022.<\/p>\n<p align=\"justify\">Then, on November 2, 2022, Lumen&#8217;s Chief Executive Officer admitted, \u201cwe are not yet at the pace of build we expect or want\u201d with respect to Lumen&#8217;s development of its Quantum Fiber brand. Following this news, Lumen&#8217;s stock price declined $1.25 per share, or 17.73%, to a close at $5.80 per share on November 3, 2022.<\/p>\n<p align=\"justify\">Finally, on February 7, 2023, the Defendants allegedly admitted that they had pressed \u201cmore of a stop button than a pause button\u201d on Lumen&#8217;s investment into the Quantum Fiber network and expansion into the SMB and residential markets while the company re-evaluated its strategic priorities. Following this news, Lumen&#8217;s stock price declined $1.04, or 20.84%, to close at of $3.95 per share on February 8, 2023.<\/p>\n<p align=\"justify\">\n        <strong>WHY CONTACT KAPLAN FOX<\/strong> &#8211; Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox &amp; Kilsheimer LLP, you may visit our website at www.kaplanfox.com.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"justify\">If you have any questions about this Notice, your rights, or your interests, please contact:<\/p>\n<p align=\"justify\">Pamela Mayer <br \/> KAPLAN FOX &amp; KILSHEIMER LLP <br \/> 850 Third Avenue, 14th Floor <br \/> New York, New York\u00a010022 <br \/> (646) 315-9003 <br \/> E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gLuz4i6mRV4iMCqz0uYgasPehwsST3nQ1C4CGLFzh93_Uf5ybeR0ClnmNvBD2y1dV9c7Ebgt2QpK9SmX4IFaORpunbGdb1f7K6f17BMtgS8=\" rel=\"nofollow noopener\" target=\"_blank\"><u>pmayer@kaplanfox.com<\/u><\/a><\/p>\n<p align=\"start\">Laurence D. King <br \/> KAPLAN FOX &amp; KILSHEIMER LLP <br \/> 1999 Harrison Street, Suite 1560 <br \/> Oakland, California 94612 <br \/> (415) 772-4704 <br \/> Fax:\u00a0 (415) 772-4707 <br \/> E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FM_DQGoCiLoHLoLP6UkUD5t4TVezCuh3MFoUHKLXDgGv0dbFgnSEEp8kyBxYQpqfWoCmHtdfY7m31W0ZsrfZPsnG9tOD_tSy9-bRLeRlV2E=\" rel=\"nofollow noopener\" target=\"_blank\"><u>lking@kaplanfox.com<\/u><\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc5MjkzNSM1NDc0ODI3IzIwMjA4OTE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MGVkYTgxNjQtOTRiOS00OTY3LWE1Y2UtZjU4MzA5NDBiMGVhLTEwMzE5OTk=\/tiny\/Kaplan-Fox-Kilsheimer-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer, LLP reminds investors that a complaint has been filed on behalf of investors who purchased or otherwise acquired the common stock of Lumen Technologies, Inc. f\/k\/a CenturyLink (\u201cLumen\u201d or the \u201cCompany\u201d) (NYSE: LUMN) between September 14, 2020 and February 7, 2023, inclusive (the \u201cClass Period\u201d). If you acquired Lumen common stock during the Class Period and would like to discuss this case, please click here. Or, you may contact us by emailing pmayer@kaplanfox.com or calling (646) 315-9003. If you are a member of the proposed Class, you may move the court no later than May 2, 2023 to serve as a lead plaintiff for the purported class.\u00a0 If &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lumen-technologies-investor-alert-kaplan-fox-kilshiemer-llp-notifies-lumen-technologies-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LUMEN TECHNOLOGIES INVESTOR ALERT: Kaplan Fox &amp; Kilshiemer LLP Notifies Lumen Technologies Investors of a Class Action Lawsuit and Upcoming Deadline&#8221;<\/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-741723","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LUMEN TECHNOLOGIES INVESTOR ALERT: Kaplan Fox &amp; Kilshiemer LLP Notifies Lumen Technologies Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lumen-technologies-investor-alert-kaplan-fox-kilshiemer-llp-notifies-lumen-technologies-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LUMEN TECHNOLOGIES INVESTOR ALERT: Kaplan Fox &amp; Kilshiemer LLP Notifies Lumen Technologies Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer, LLP reminds investors that a complaint has been filed on behalf of investors who purchased or otherwise acquired the common stock of Lumen Technologies, Inc. f\/k\/a CenturyLink (\u201cLumen\u201d or the \u201cCompany\u201d) (NYSE: LUMN) between September 14, 2020 and February 7, 2023, inclusive (the \u201cClass Period\u201d). If you acquired Lumen common stock during the Class Period and would like to discuss this case, please click here. Or, you may contact us by emailing pmayer@kaplanfox.com or calling (646) 315-9003. If you are a member of the proposed Class, you may move the court no later than May 2, 2023 to serve as a lead plaintiff for the purported class.\u00a0 If &hellip; Continue reading &quot;LUMEN TECHNOLOGIES INVESTOR ALERT: Kaplan Fox &amp; Kilshiemer LLP Notifies Lumen Technologies Investors of a Class Action Lawsuit and Upcoming Deadline&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lumen-technologies-investor-alert-kaplan-fox-kilshiemer-llp-notifies-lumen-technologies-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-21T20:15:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc5MjkzNSM1NDc0ODI3IzIwMjA4OTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lumen-technologies-investor-alert-kaplan-fox-kilshiemer-llp-notifies-lumen-technologies-investors-of-a-class-action-lawsuit-and-upcoming-deadline\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lumen-technologies-investor-alert-kaplan-fox-kilshiemer-llp-notifies-lumen-technologies-investors-of-a-class-action-lawsuit-and-upcoming-deadline\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"LUMEN TECHNOLOGIES INVESTOR ALERT: Kaplan Fox &amp; 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If you acquired Lumen common stock during the Class Period and would like to discuss this case, please click here. Or, you may contact us by emailing pmayer@kaplanfox.com or calling (646) 315-9003. If you are a member of the proposed Class, you may move the court no later than May 2, 2023 to serve as a lead plaintiff for the purported class.\u00a0 If &hellip; Continue reading \"LUMEN TECHNOLOGIES INVESTOR ALERT: Kaplan Fox &amp; Kilshiemer LLP Notifies Lumen Technologies Investors of a Class Action Lawsuit and Upcoming Deadline\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lumen-technologies-investor-alert-kaplan-fox-kilshiemer-llp-notifies-lumen-technologies-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/","og_site_name":"Market Newsdesk","article_published_time":"2023-03-21T20:15:43+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc5MjkzNSM1NDc0ODI3IzIwMjA4OTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lumen-technologies-investor-alert-kaplan-fox-kilshiemer-llp-notifies-lumen-technologies-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lumen-technologies-investor-alert-kaplan-fox-kilshiemer-llp-notifies-lumen-technologies-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"LUMEN TECHNOLOGIES INVESTOR ALERT: Kaplan Fox &amp; 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