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CenturyLink, Inc.

Company NameCenturyLink, Inc.
Stock SymbolCTL
Class PeriodAugust 03, 2016 to June 19, 2017
Lead Plaintiff Motion DeadlineAugust 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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