Zeldes Haeggquist & Eck, LLP Announces Investigation of CenturyLink, Inc.

Tue May 21, 2013 9:02am EDT

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Zeldes Haeggquist & Eck, LLP Announces Investigation of CenturyLink, Inc.

Zeldes Haeggquist & Eck, LLP, a shareholder and consumer rights litigation firm, announces the commencement of an investigation into CenturyLink, Inc., ("CenturyLink" or the "Company") (NYSE:CTL) to determine whether the Company has violated securities laws by issuing false and misleading statements to its shareholders.

CenturyLink is the third largest telecommunications services provider in the United States. On February 13, 2013, the Company announced weaker than expected financial results. The Company also announced a new capital allocation initiative, under which the Company authorized the repurchase of up to $2.0 billion of the Company’s outstanding common stock. At the same time the Company announced a plan to reduce the Company’s quarterly cash dividend rate from $0.725 to $0.54 per share.

On this news, the price of CenturyLink stock dropped from $41.69 on February 13, 2013 to close at $32.27 on February 14, 2013. We are investigating whether statements made by CenturyLink to the investing public in connection with the above were materially false and misleading at the time they were made.

If you are a CenturyLink shareholder who purchased CenturyLink common stock between August 8, 2012 and February 14, 2013, you may have claims under the securities laws. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Amber L. Eck at (619) 342-8000, or by email at ambere@zhlaw.com. There is no cost to you.

Zeldes Haeggquist & Eck, LLP is a full-service law firm which brings major class actions nationwide on behalf of defrauded investors and consumers and handles a variety of complex business litigation matters. Please visit www.zhlaw.com or our blog for more information about the firm.

Zeldes Haeggquist & Eck, LLP
Amber L. Eck, 619-342-8000