Altice USA Under Investigation by Former Louisiana Attorney General

Kahn Swick & Foti, LLC has initiated an investigation into Altice USA, Inc. (NYSE: ATUS) to determine if its officers and directors breached their fiduciary duties or violated state or federal laws. The law firm is seeking to recover investment losses for shareholders and urges anyone holding Altice shares to contact KSF for more information.

New York & New Orleans — The law firm of Kahn Swick & Foti, LLC (KSF) has commenced an investigation into Altice USA, Inc. (NYSE: ATUS), to determine if its officers and directors breached their fiduciary duties or violated state or federal laws. The investigation aims to recover investment losses for shareholders who hold Altice shares.

KSF, known for its expertise in securities litigation, is urging anyone holding Altice shares to contact them for more information. The law firm, which has recovered billions in settlements, serves a variety of clients, including public and private institutional investors, and retail investors. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.

The investigation into Altice USA, Inc. comes on the heels of the company's recent $1 billion asset-backed loan facility announcement, which was secured by receivables from its Bronx and Brooklyn service areas and the Hybrid-Fiber Coaxial (HFC) network [1]. This loan facility, arranged with Goldman Sachs and TPG Angelo Gordon, is intended to enhance Altice USA's financial flexibility and support long-term growth initiatives. However, the high fixed coupon rate of 8.875% may impact the company's financials, necessitating careful management of interest obligations.

For more information about the investigation, shareholders can contact KSF toll-free at 1-833-938-0905, or by emailing Managing Partner Lewis Kahn at lewis.kahn@ksfcounsel.com. Visit https://www.ksfcounsel.com/cases/nyse-atus/ for additional details.

References:
[1] https://www.gurufocus.com/news/2986499/altice-usa-inc-atus-secures-1-billion-assetbacked-loan-facility-atus-stock-news