Press release
Investors in Altice USA, Inc. (NYSE: ATUS) should contact the Shareholders Foundation over potential Wrongdoing by certain directors
An investigation on behalf of investors in Altice USA, Inc. (NYSE: ATUS) shares over potential wrongdoing at Altice USA, Inc.
Investors who purchased shares of Altice USA, Inc. (NYSE: ATUS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Altice USA, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
On July 25, 2023, media outlets reported that Altice USA co-founder and former Chief Operating Officer Armando Pereira had been placed under house arrest in Portugal in connection with an investigation into alleged corruption, tax fraud, and money laundering at Altice Portugal. On this news, the price of Altice USA shares declined by $0.25 per share, or approximately 7.25%, from $3.45 per share to close at $3.20 on July 25, 2023.
Shares of Altice USA, Inc. (NYSE: ATUS) declined from over $12 per share in August 2022 to as low as $1.74 per share on December 13, 2023.
Those who purchased shares of Altice USA, Inc. (NYSE: ATUS) prior to July 2023 and continue to hold any of those NYSE: ATUS shares have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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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