|Company Name||CenturyLink, Inc.|
|Class Period||August 03, 2016 to June 19, 2017|
|Lead Plaintiff Motion Deadline||August 21, 2017|
On March 4, 2019, CenturyLink disclosed that it had “identified material weaknesses in internal controls over the Company’s revenue recording processes and the procedures for measuring fair value of assets and liabilities assumed in connection with the Level 3 Communications, Inc.” As a result, the Company would not be able to timely file its annual report for the period ended December 31, 2018. On this news, the Company’s share price fell sharply during intraday trading, thereby injuring investors.
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