Keith Meister got his wish, and shareholders of both companies should be happy he did.
The stock price of wireline telecom company CenturyLink (CTL) was headed lower for the fourth day in a row Wednesday as legal woes grow. At least three class-action lawsuits were filed in different states this week. CenturyLink, which was trading around $27 last week, fell 4.5% last Friday after a former employee reportedly filed a lawsuit alleging it billed customers for services they didn't sign up for. The class action lawsuits have followed.
U.S. wireless carriers ??? CenturyLink Inc. (CTL), Windstream Holdings Inc. (WIN), Verizon Communications Inc. (VZ) ??? having conflicting opinions on the time period for copper retirement set by the FCC.