• Lifshitz Law PLLC Announces Investigations of Lumen Technologies [telec

    From The Telecom Digest@21:1/5 to All on Mon Jun 12 09:41:55 2023
    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 Company’s ability to invest in and grow its Quantum Fiber
    brand; (ii) Lumen’s Quantum Fiber business was not progressing as was represented to the investing public; (iii) 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 (iv) as a
    result of Lumen’s decision to delay expansion of Quantum Fiber, the Company’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.

    https://tinyurl.com/y9j4c4ve

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