CenturyLink Strikes $55M Deal To End Investor Class Suit

Law360 (February 2, 2021, 7:03 PM EST) -- A certified class of CenturyLink investors have asked a Minnesota federal judge to greenlight a $55 million settlement to end their lawsuit claiming the telecom company hid its practice of overbilling customers, arguing the deal would help the class avoid the risks of continued litigation.

The state of Oregon and investor Fernando Alberto Vildosola, as representatives for the investor class, told U.S. Magistrate Judge Katherine M. Menendez on Monday that the sum CenturyLink had agreed to pay was an "excellent result" after eight months of discussion and two unsuccessful mediation sessions.

"The settlement before the court is the result of plaintiffs'...

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!