An investigation on behalf of current long term investors in Altice USA Inc (NYSE: ATUS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/29/2019 -- Certain directors of Altice USA Inc are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Altice USA Inc (NYSE: ATUS) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: ATUS stocks follows a lawsuit filed against Altice USA Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: ATUS stocks, concerns whether certain Altice USA Inc directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Offering Documents issued pursuant to the initial public offering 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.
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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.
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