Shareholder Actions V. Level 3 To Proceed Together

Law360, New York (February 25, 2009, 12:00 AM EST) -- A federal judge has ordered the consolidation of three securities class actions against Level 3 Communications Inc. that allege the company did not tell investors it was struggling to integrate several smaller firms it had acquired, an omission that ultimately resulted in steep stock losses.

Judge Philip Brimmer of the U.S. District Court for the District of Colorado issued the order Wednesday, consolidating a putative class action filed earlier this month against Level 3 and four top executives with two pending actions that are nearly identical....
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