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