March 18, 2019
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.
January 18, 2017
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.