• Lifshitz Law PLLC Announces Investigations of Lumen Technologies [telecom]

    From The Telecom Digest@digest-replies@telecom-digest.org to comp.dcom.telecom on Mon Jun 12 09:41:55 2023
    From Newsgroup: comp.dcom.telecom

    Lifshitz Law PLLC announces investigation into possible securities
    laws violations and/or breaches of fiduciary duties in connection with allegations that Lumen made materially false and/or misleading
    statements and/or failed to disclose that: (i) various headwinds were
    impeding the CompanyrCOs ability to invest in and grow its Quantum Fiber
    brand; (ii) LumenrCOs Quantum Fiber business was not progressing as was represented to the investing public; (iii) LumenrCOs management was
    reassessing its strategic priorities and had placed a hold on the
    plans to quickly scale up the Quantum Fiber brand; and (iv) as a
    result of LumenrCOs decision to delay expansion of Quantum Fiber, the CompanyrCOs results and metrics were negatively impacted and the scaling
    up of Quantum Fiber would not occur until, at the earliest, the end of
    2023.

    https://tinyurl.com/y9j4c4ve

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