We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Level 3 Investors' Deal Denied After CenturyLink Tie-up OK'd

Law360 (March 18, 2019, 10:24 PM EDT) -- A Colorado federal judge has declined to approve a settlement of claims brought by a class of Level 3 Communications Inc. shareholders who sued to block the company's sale to CenturyLink for $34 billion, saying the suit is likely moot because the shareholders have approved the deal.

U.S. District Judge Raymond P. Moore said Friday that because the shareholder vote on Level 3 Communications' sale to CenturyLink had already occurred and went through with "the plaintiff's blessing," then the shareholders can not collect damages or postpone the vote.

Also, lead plaintiff James Amedee did not properly explain in his motion to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents



Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only



Nature of Suit

Securities, Commodities, Exchange


Subscribers Only

Date Filed

January 17, 2017

Law Firms


Government Agencies

Judge Analytics