Shareholders open legal front against Altice
Shareholders open legal front against Altice
Paris - Egypt Today
Shareholders unhappy with the plunge in the value of shares in Altice plan to sue the French and US telecoms firm, which said Wednesday it is the victim of a malicious PR attack.
A lawyer specialising in cases against large companies, Frederik-Karel Canoy, said the lawsuit to be filed in France would accuse Altice of misleading investors.
He said the plaintiffs estimate that the firm had understated and falsely claimed it had complete control over its debt.
Altice spokesman Arthur Dreyfuss told AFP that as a listed company it regularly reports financial information and is under the supervision of regulators.
"We call for the utmost prudence concerning what appears to be a manipulation, a malicious public relations manoeuvre and attempt to destabilise the firm via the media," he said.
Shares in the Amsterdam-listed firm have fallen by around half since the firm released its latest results at the beginning of the month.
GMT 06:46 2018 Sunday ,02 December
’I will never accept violence,’ Macron says after Paris protestsGMT 20:34 2018 Monday ,08 January
Paris prosecutors probe Apple over 'planned obsolescence'GMT 11:15 2017 Thursday ,21 December
France closes probe into 1994 attack on Rwanda presidentGMT 06:42 2017 Tuesday ,19 December
65 journalists and media workers killed in 2017GMT 14:02 2017 Tuesday ,12 December
Macron calls for 'much stronger mobilisation' on climateRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 05:28 2024 Wednesday ,07 February
Future Brazil gov to 'dissociate' itself from UN migration compact
GMT 17:01 2017 Monday ,23 October
Tillerson arrives in Kabul in unannounced visitGMT 17:03 2013 Tuesday ,05 March
South Atlantic mystery: The Falkland Islands wolf
GMT 13:27 2018 Thursday ,13 September
Rosneft vows to continue defending shareholders' interests, especially from sanctions
GMT 19:43 2016 Thursday ,14 April
Nepal's Juju Bhai pierces tongue for 8th consecutive year to uphold traditionGMT 11:32 2011 Monday ,01 August
Tropical Storm Eugene gets stronger
GMT 11:06 2014 Monday ,26 May
Chicken tikka with spiced rice
GMT 21:26 2017 Wednesday ,29 March
Qassam Brigades: Israel will pay for crime of killing Mazen FuqhaGMT 19:52 2011 Sunday ,14 August
Bollywood actor Shammi dead
GMT 15:25 2018 Thursday ,11 January
US task force to probe Hezbollah 'narcoterror'
GMT 09:47 2018 Tuesday ,09 January
German-Russian man admits to Dortmund team bus bombing
GMT 16:58 2018 Monday ,01 January
China factory growth eases as pollution measures bite
GMT 06:36 2017 Thursday ,17 August
Ibiza struggles to house locals
GMT 15:29 2017 Tuesday ,24 January
Mind games really do help your brain
GMT 15:19 2015 Tuesday ,06 January
‘Alone in Boca Raton’ exploits of Mexican immigrant
GMT 10:22 2017 Monday ,03 April
Asian markets start week with gains
GMT 10:10 2017 Wednesday ,20 December
Uber suffers new blow as EU court rules it's a taxi service
GMT 18:19 2017 Friday ,21 April
Newbridge Silverware appoints
GMT 09:04 2017 Monday ,13 November
2017 set to be hottest non-El Nino year: UNGMT 10:39 2012 Thursday ,13 December
Royalty on the green carpet at The Hobbit premier
GMT 16:30 2012 Wednesday ,01 February
Construction resumes on Cincy casino
GMT 03:28 2017 Saturday ,08 April
Wrapchic: Where India meets MexicoGMT 08:29 2013 Friday ,12 April
Syfy orders 4th season of Being HumanGMT 06:38 2012 Thursday ,05 April
Politics behind Fadl Shaker death threats
GMT 22:54 2016 Monday ,11 April
School principal sacked for child’s death in bus
GMT 09:29 2017 Friday ,27 October
Son of E.Guinea leader gets suspended jail term
GMT 04:26 2015 Thursday ,07 May
Tunisian president meets Belgian FM
GMT 09:15 2017 Saturday ,21 October
Malabar Gold launches 3 stores
GMT 11:53 2017 Tuesday ,05 December
Google data-saving tool aims
GMT 06:41 2017 Wednesday ,06 December
Deutsche Bank subpoenaed in Trump probe
GMT 09:45 2021 Friday ,21 May
test
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor