April 21, 2015
A Louisiana federal judge threw out claims Tuesday that telecom CenturyLink Inc. misrepresented the safety of its chunky investor payouts — and top brass unlawfully dumped their shares — before a dividend cut, agreeing with a magistrate judge who found plaintiffs hadn't adequately pled the defendants knew they were making false statements.
July 23, 2013
CenturyLink Inc.'s top brass were hit with a shareholder derivative suit Monday in Louisiana federal court accusing the officers and directors of artificially inflating the value of the telecommunications company's stock and unloading $7.4 million in shares before a dividend slash tanked stock prices by 22 percent.