Financial News

The Law Offices of Frank R. Cruz Announces Investigation of Altice USA, Inc. (ATUS) on Behalf of Investors

The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Altice USA, Inc. (“Altice USA” or the “Company”) (NASDAQ: ATUS) concerning whether the board breached its fiduciary duties to shareholders.

If you are a shareholder, click here to participate.

On July 13, 2023, Altice USA co-founder Armando Pereira was detained in Portugal as part of a criminal investigation into alleged corruption, tax fraud, and money laundering. On July 15, 2023, Alexandre Fonseca, the Co-Chief Executive and chairman of Altice USA, resigned from the board of directors of Altice USA. On July 17, 2023, Fonseca suspended himself from all executive and non-executive duties at Altice USA. In addition, Altice USA’s U.S. head of procurement, Pereira’s son-in-law Yossi Benchetrit, was put on leave, along with about ten other employees.

Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged corruption.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you still hold Altice USA shares purchased before January, 2021 and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz Announces Investigation of Altice USA, Inc. (ATUS) on Behalf of Investors

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback