Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Altice USA, Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Altice USA, Inc. (“Altice” or the “Company”) (NYSE:ATUS) of the January 18, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you invested in Altice USA, Inc. stock or options pursuant to the Company’s Initial Public offering on or around June 22, 2017 (The “IPO”) and would like to discuss your legal rights, please fill out the form below. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com.
The lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all those who purchased Altice securities pursuant to the Company’s IPO. The case, Kupfner v. Altice USA, Inc., et al., No. 18-cv-06601 was filed on November 19, 2018.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) “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; (2) 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; (3) more 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, (4) Altice could not simply replicate the “The Altice Way” in the U.S. and (5) as a result, Altice’s Offering Documents were materially misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Altice USA, Inc. (ATUS)
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Filed on 11/21/2018
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Richard W. Gonnello firstname.lastname@example.org Phone (212) 983-9330 Fax (212) 983-9331