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Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Altice USA, Inc. Investors (ATUS)

LOS ANGELES–(BUSINESS WIRE)–$ATUS #CLASSACTIONGlancy
Prongay & Murray LLP
(“GPM”), a global investors rights law
firm, announces that a class action lawsuit has been filed on behalf of
investors that purchased or otherwise acquired Altice USA, Inc.
(“Altice” or the “Company”) (NYSE: ATUS)
securities pursuant and/or traceable to the Company’s initial public
offering (“IPO”) in June 2017. Altice investors have until January
18, 2019 
to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to
participate.

The complaint filed in this class action alleges that the Offering
Documents issued pursuant to Altice’s IPO failed to disclose that: (1)
“The Altice Way” proprietary growth model previously developed
in Europe and described in the Offering Documents as a means to achieve
superior margin performance was falsely touting Altice’s capacity to
face already existing highly competitive environments and ever-changing
consumer behaviors; (2) Altice was suffering from aggressively growing
competition both in Europe and the United States, directly causing
negative and decelerating revenue and EBITDA growth and impacting
Altice’s market share; (3) Altice was suffering from mismanaged rate
events, regulatory compliance and poorly managed network and customer
care both in its France and Portugal segments, thereby impacting its
customer base and churn rate; (4) Altice could not simply replicate the
“The Altice Way” in the U.S.; and (5) as a result, Altice’s Offering
Documents were materially misleading at all relevant times.

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

If you purchased shares of Altice during the Class Period you may move
the Court no later than January 18, 2019 to ask the
Court to appoint you as lead plaintiff. To be a member of the Class you
need not take any action at this time; you may retain counsel of your
choice or take no action and remain an absent member of the Class. If
you wish to learn more about this action, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925
Century Park East, Suite 2100, Los Angeles, California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to [email protected],
or visit our website at www.glancylaw.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.

Contacts

Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
www.glancylaw.com
[email protected]

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