On April 21, 2025, Hon. Kayla D. McClusky, United States Magistrate Judge, appointed Lowey Dannenberg, P.C. as the Co-Lead counsel representing Plaintiffs and a proposed class in the consolidated action: In re Lumen Technologies, Inc. Stockholder Derivative Litigation, Master Docket No. 3:24-cv-00798-TAD-KDM (W.D. La.).

Lumen Technologies, Inc. (“Lumen”) is a Louisiana corporation and is a technology and communications company providing local and long-distance voice, broadband, and other communication services. The Plaintiffs allege that Lumen repeatedly touted its miles of “copper” cable network, its commitment to environmental, social and governance initiatives and workplace safety but unbeknownst to the investors and public, Lumen was operating thousands of miles of lead sheathed cables. A series of Wall Street Journal articles revealed that these lead cables deteriorated over time causing water, soil and air pollution by the release of toxins into the environment. Lumen concealed the use of such lead casings and the ensuing seepage of lead toxins, which present a grave danger to Lumen’s workers as well as surrounding communities and the public at large. Lumen’s board of directors, therefore, breached their fiduciary duties and violated multiple corporate governance principles.

Please contact Andrea Farah (afarah@lowey.com) or Radhika Gupta (rgupta@lowey.com) with any questions either about the case or Lowey Dannenberg’s securities practice group.