Lumen Technologies, Inc. Lawsuit Submission Form

Company: Lumen Technologies, Inc.

Ticker: (NYSE) LUMN

Deadline

Passed

Lead Plaintiff Deadline: May 02, 2023

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Allegations

The filed complaint alleges that Lumen Technologies, Inc. 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.