SAN DIEGO & LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Altice USA, Inc. (NYSE: ATUS) breached their fiduciary duties to shareholders. Altice held its initial public offering in June 2017, raising approximately $2.15 billion. After touting the company's "competitive advantage" in its registration statement, on November 3, 2017, Altice revealed declining revenue, margin, and earnings in France and Portugal. Altice's share price has yet to recover to its IPO price of $30 per share, closing at only $19.90 per share on April 18, 2018. Altice, together with its subsidiaries, provides broadband communications and video services in the United States.
View this information on the law firm's Shareholder Rights Blog:
Altice Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
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