mail@shareholdersfoundation.com
-
Feb 03, 2009 -
On Tuesday a shareholder of Level 3 Communications, Inc. (NASDAQ: LVLT) has filed a proposed securities class action lawsuit in the United States District Court for the District of Colorado on behalf of purchasers of Level 3 Communications, Inc. (Nasdaq:LVLT)
common stock during the period between February 8, 2007 and October 23, 2007 over alleged violations of Federal Securities Laws by Level 3 Communications, Inc.
If you are a current investor in LVLT share and / or purchased Level 3 Communications, Inc. (Nasdaq:LVLT)
common stock during the period between February 8, 2007 and October 23, 2007, you have certain options and there are strict and short deadlines running ( April 01, 2009). You should contact the Shareholders Foundation, Inc. immediately!
Email: mail@shareholdersfoundation.com
Or call us: +1 (858) 779 1554
According to the complaint the plaintiff alleges that Level 3 Communications, Inc. (Nasdaq:LVLT;
“Level 3”) and certain of its officers and directors violated the Securities Exchange Act of 1934. The complaint alleges that the representations contained in Level 3’s press releases, SEC filings, conference calls, and presentations between February 8, 2007 and October 23, 2007 were materially false and misleading.
Specifically, so the complaint, on October 23, 2007, Level 3 issued a press release announcing its financial results for the third quarter of 2007, the period ending September 30, 2007, and reported for the quarter a consolidated revenue of $1.061 billion. Level 3 further reported that its core communications services revenue was negatively impacted by provisioning issues. In response to the announcements, so the lawsuit, the price of Level 3 stock (Nasdaq:LVLT)
declined from $4.32 per share to $3.18 per share on October 24, 2007, on extremely heavy trading volume.
If you are a current investor in LVLT share and / or purchased Level 3 Communications, Inc. (Nasdaq:LVLT)
common stock during the period between February 8, 2007 and October 23, 2007, you have certain options and there are strict and short deadlines running ( April 01, 2009). You should contact the Shareholders Foundation, Inc. immediately!
Email: mail@shareholdersfoundation.com
Or call us: +1 (858) 779 1554
or send us your information by mail / facsimile:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-
779-1554
Fax:+1-(858)-
605-5739
Mail@ShareholdersFoundation.com
www.ShareholdersFoundation.com
____________________________________________________________
________________
Photo:
http://www.prlog.org/10176946/1Advertising. The Shareholders Foundation, Inc. is an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Any statements made in press releases, emails or over the phone by any member or personnel employed by Shareholders Foundation, Inc. or by third parties related to the Shareholders Foundation, Inc. is provided for research and guidance purposes only and are not legal advices. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
