CenturyLink Announces Notice of Pendency and Proposed Settlement of 2018 Derivative Actions, and Settlement Hearing
MONROE, La., Nov. 08, 2023 (GLOBE NEWSWIRE) -- CenturyLink has released the following notice:
- MONROE, La., Nov. 08, 2023 (GLOBE NEWSWIRE) -- CenturyLink has released the following notice:
SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF DERIVATIVE ACTIONS, AND SETTLEMENT HEARING
PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. - YOU ARE ALSO NOTIFIED that, as provided in a Stipulation and Agreement of Settlement, dated as of June 21, 2023 (the “Stipulation”), Settling Shareholders and Defendants have reached a proposed settlement (the “Settlement”) of the Federal Derivative Actions, State Derivative Actions, and Choi Demand, subject to Federal Court approval.
- The hearing shall be held via Video Conference (no courtroom), on January 16, 2024 at 11:00 a.m. (the “Settlement Hearing”).
- Please Note: Because the Federal Derivative Actions were brought as derivative actions, which means that they were brought on behalf of and for the benefit of CenturyLink, the benefits from the Settlement will go to CenturyLink.