Altice USA Inc.
|Company Name||Altice USA Inc.|
Mass media reported that Altice may have included misstatements in its prospectus and registration statements at the time of its initial public offering (“IPO”) in June 2017. The alleged misstatements concerned “the Altice Way,” the Company’s proprietary growth model that it had previously developed in Europe. Altice reportedly misstated the competitive advantages and obstacles facing the Altice Way, potentially exposing the Company to significant liability. On this news, shares of Altice stock price fell over 50%, thereby injuring investors.
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