San Diego, CA -- (SBWIRE) -- 04/24/2023 -- The Shareholders Foundation announced that a deadline is coming up on May 2, 2023 in the lawsuit filed for certain investors of Lumen Technologies, Inc. (NYSE: LUMN).

Investors who purchased shares of Lumen Technologies, Inc. (NYSE: LUMN) have certain options and there are strict and short deadlines running. Deadline: May 2, 2023. NYSE: LUMN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Lumen Technologies, Inc. (NYSE: LUMN) common shares between September 14, 2020 and February 7, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 14, 2020 and February 7, 2023, the defendants made false and/or misleading statements and/or failed to disclose that various headwinds were impeding Lumen's ability to invest in and grow its Quantum Fiber brand, that Quantum Fiber was not progressing as was represented to the public, that Lumen's management was reassessing its strategic priorities and had placed a hold on the plans to quickly scale up the Quantum Fiber brand, and that as a result of Lumen's decision to delay expansion of Quantum Fiber, Lumen's results and metrics were negatively impacted and the scaling up of Quantum Fiber would not occur until, at the earliest, the end of 2023.

Those who purchased shares of Lumen Technologies, Inc. (NYSE: LUMN) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.