A lawsuit was filed on behalf of investors in Altice USA Inc (NYSE: ATUS) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 12/11/2018 -- An investor, who purchased shares of Altice USA Inc (NYSE: ATUS), filed a lawsuit over alleged violations of Federal Securities Laws by Altice USA Inc in connection with Altice's June 2017 initial public offering
Investors in shares of Altice USA Inc (NYSE: ATUS) have certain options and for certain investors are short and strict deadlines running. Deadline: January 18, 2019. NYSE: ATUS investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that the Offering Documents issued pursuant to the IPO failed to disclose and/or misstated material information, including that "The Altice Way" proprietary growth model previously developed in Europe and described in the Offering Documents as a means to achieve superior margin performance was falsely touting Altice's capacity to face already existing highly competitive environments and ever-changing consumer behaviors, that Altice was suffering from aggressively growing competition both in Europe and the United States, directly causing negative and decelerating revenue and EBITDA growth and impacting Altice's market share, that specifically, Altice was suffering from mismanaged rate events, regulatory compliance and poorly managed network and customer care both in its France and Portugal segments, thereby impacting its customer base and churn rate, that Altice USA could not simply replicate the "The Altice Way" in the U.S. , and that as a result, Altice USA's Offering Documents were materially misleading at all relevant times.
Those who purchased shares of Altice USA Inc (NYSE: ATUS) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.