LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Altice USA, Inc. (“Altice” or “the Company”) (NYSE: ATUS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Altice’s Offering Documents outlined “The Altice Way”, the Company’s growth model developed in Europe, falsely touting the model’s ability to succeed in an extremely competitive business landscape. The Company was facing extreme competitive pressure, impacting market share and both revenue and profits. Altice specifically poor management and regulatory compliance throughout multiple European markets. All of these factors contributed to an inability to replicate “The Altice Way” in the United States. Based on these facts, the Company’s public statements were false and materially misleading throughout the IPO period. When the market learned the truth about Altice, investors suffered damages.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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