NEW YORK, NY / ACCESSWIRE / July 19, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Lumen Technologies, Inc. ("Lumen" or "the Company") (NYSE:LUMN). Investors who purchased Lumen securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/lumn.
The investigation concerns whether Lumen has violated federal securities laws.
Investigation Details:
On July 9, 2023, the Wall Street Journal published an article reporting that more than 2,000 abandoned lead cables, previously used by various telecommunication companies, were degrading and leaching into soil and groundwater, posing a significant public health risk. In related articles, the Wall Street Journal estimated that cleanup costs could run into the tens of billions of dollars, noting that it was difficult to quantify different telecommunication companies' exposures. Following publication of these articles, analysts downgraded multiple telecommunication company stocks. Lumen's stock price fell $0.15 per share, or 8.11%, to close at $1.70 per share on July 17, 2023.
What's Next?
If you are aware of any facts relating to this investigation or purchasedLumen securities, you can assist this investigation by visiting the firm's site: www.bgandg.com/lumn. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC