CenturyLink to pay $55 million to settle Oregon-led lawsuit [telecom]

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CenturyLink Inc. has agreed to pay $55 million to settle a nationwide class-action securities lawsuit led by the $77.7 billion Oregon Public Employees Retirement Fund, Tigard, involving the company's alleged overbilling of consumers and those practices' impact on CenturyLink's performance, Oregon Attorney General Ellen Rosenblum and Treasurer Tobias Read announced.