Lifshitz Law PLLC announces investigation into possible securities
laws violations and/or breaches of fiduciary duties in connection with
allegations that Lumen made materially false and/or misleading
statements and/or failed to disclose that: (i) various headwinds were
impeding the Company’s ability to invest in and grow its Quantum Fiber
brand; (ii) Lumen’s Quantum Fiber business was not progressing as was
represented to the investing public; (iii) Lumen’s management was
reassessing its strategic priorities and had placed a hold on the
plans to quickly scale up the Quantum Fiber brand; and (iv) as a
result of Lumen’s decision to delay expansion of Quantum Fiber, the
Company’s results and metrics were negatively impacted and the scaling
up of Quantum Fiber would not occur until, at the earliest, the end of
2023.

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