Levi & Korsinsky Announces ATUS Class Action
Levi & Korsinsky, LLP
August 10, 2018
NEW YORK, August 10, 2018 – Levi & Korsinsky, LLP announces a securities action on behalf of all persons or entities who purchased or otherwise acquired Altice USA, Inc. (“Altice”) (NYSE: ATUS) pursuant or traceable to the Company’s Initial Public Offering on or around June 22, 2017. The ATUS class action alleges that the Registration Statement filed for the Company’s Initial Public Offering contained materially false and misleading information and/or failed to disclose material information. In particular, the complaint alleges that the Company’s offering materials repeatedly touted the “competitive strengths” of Altice’s relationship with Altice N.V. when, in fact, Altice N.V. was suffering severe customer attrition in its France and Portugal markets as a result of mismanaged price increases and low-quality customer support.