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Amedee v. Level 3 Communications, Inc. et al
Case Number:
1:17-cv-00155
Court:
Nature of Suit:
Securities, Commodities, Exchange
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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March 18, 2019
Level 3 Investors' Deal Denied After CenturyLink Tie-up OK'd
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.
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January 18, 2017
Level 3 Shareholders Sue To Stop $34B CenturyLink Deal
A proposed class of Level 3 Communications Inc. shareholders took issue with the company's behavior in the lead-up to and after its announced $34 billion sale to CenturyLink Inc., filing suit Tuesday in Colorado federal court over the company's alleged failure to perform adequate due diligence.