Charter Communications(CHTR)
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Charter Communications, Inc. (NASDAQ:CHTR) Faces Securities Fraud Class Action after 18% Stock Drop -- Contact BFA Law before October 14 Deadline
Globenewswire· 2025-09-30 12:38
Core Viewpoint - A lawsuit has been filed against Charter Communications, Inc. and certain senior executives for potential violations of federal securities laws, particularly related to the impact of the Affordable Connectivity Program's termination on the company's customer base and revenue [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, captioned Sandoval v. Charter Communications, Inc., No. 1:25-cv-06747, and investors have until October 14, 2025, to seek lead plaintiff status [2]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of Charter investors [2]. Group 2: Company Background - Charter is a major player in the broadband and cable industry, having participated in the FCC's Affordable Connectivity Program, which subsidized internet plans for low-income households [3]. - The Affordable Connectivity Program ended in June 2024 due to a lack of federal funding, leading to a decline in Charter's customer base [3]. Group 3: Financial Impact - Following the termination of the Affordable Connectivity Program, Charter claimed to have managed the transition successfully; however, the company continued to experience customer and revenue declines, contradicting its public statements [4]. - In Q2 2025, Charter reported a decrease of 117,000 total internet customers, with approximately 50,000 disconnects attributed to the end of the program, nearly double the disconnects from the previous quarter [5]. - The announcement of these results led to a significant stock price drop of $70.25 per share, or 18.4%, from $380.00 on July 24, 2025, to $309.75 on July 25, 2025 [5].
CHARTER CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds Investors of Charter Communications to Contact the Firm Before October 24th
Globenewswire· 2025-09-29 21:47
Core Viewpoint - A class action lawsuit has been filed against Charter Communications, Inc. for allegedly making false or misleading statements regarding its business operations and the impact of the Federal Communications Commission's Affordable Connectivity Program ending [7]. Allegation Details - The lawsuit claims that Charter failed to disclose the material impact of the Affordable Connectivity Program's end, which led to a decline in Internet customers and revenue [7]. - It is alleged that Charter did not manage the consequences of the ACP ending effectively and that its operational strategies were insufficient to mitigate the resulting risks [7]. - The lawsuit highlights that Charter's optimistic statements about its operational execution and earnings growth lacked a reasonable basis [7]. Financial Impact - On July 25, 2025, Charter reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, reflecting a growth of only 0.5% [7]. - The company experienced a decline of 117,000 Internet customers, which included approximately 50,000 disconnects related to the ACP's end [7]. - Following the announcement of these results, Charter's stock price fell by more than 18% [7].
CHARTER COMMUNICATIONS, INC. (NASDAQ: CHTR) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Charter Communications, Inc. Investors of Upcoming Deadline
Globenewswire· 2025-09-29 13:28
Core Viewpoint - A securities fraud class action lawsuit has been filed against Charter Communications, Inc. for alleged misrepresentations regarding its operations, business, and finances, affecting investors who acquired securities between July 26, 2024, and July 24, 2025 [3][4]. Group 1: Lawsuit Details - The lawsuit was initiated in the United States District Court for the Southern District of New York on behalf of investors who purchased or acquired Charter securities during the specified period [3]. - Allegations include violations of the Securities Exchange Act of 1934 against Charter and certain senior officers [3]. - Investors wishing to serve as lead plaintiff must file by October 14, 2025, although participation in any recovery does not require serving as lead plaintiff [4]. Group 2: Legal Representation - Bernstein Liebhard LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless there is a recovery [5]. - The firm has a strong track record, having recovered over $3.5 billion for clients since 1993 and representing large public and private pension funds [6].
Class Action Filed Against Charter Communications, Inc. (CHTR) - October 14, 2025 Deadline to Join - Contact The Gross Law Firm
Prnewswire· 2025-09-29 12:45
Core Viewpoint - A class action lawsuit has been filed against Charter Communications, Inc. (NASDAQ: CHTR) alleging that the company made materially false and misleading statements regarding its business operations and the impact of the Affordable Connectivity Program (ACP) ending on its internet customer base and revenue [2]. Group 1: Allegations - The lawsuit claims that Charter failed to disclose the significant impact of the ACP end, which contributed to internet customer declines and revenue losses [2]. - It is alleged that the company did not execute broader operations effectively to mitigate the adverse effects of the ACP ending [2]. - The complaint states that Charter's internet customer declines and execution failures posed greater risks to its business plans and earnings growth than previously reported [2]. - As a result, the company allegedly lacked a reasonable basis for its positive statements regarding its operations and long-term growth trajectory [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as July 26, 2024, to July 24, 2025, during which shareholders who purchased Charter securities may be eligible to participate [1]. - Shareholders are encouraged to register for the class action by October 14, 2025, to be considered for lead plaintiff status and to receive updates on the case [3]. - The Gross Law Firm, which is leading the class action, emphasizes its commitment to protecting investors' rights against deceitful business practices [4].
CHTR INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Charter Communications, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
Globenewswire· 2025-09-28 17:40
Core Viewpoint - The article discusses a class action lawsuit against Charter Communications, alleging violations of the Securities Exchange Act of 1934 due to misleading statements and failure to disclose significant impacts on the company's performance related to the end of the Federal Communications Commission's Affordable Connectivity Program [1][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Sandoval v. Charter Communications, Inc., and it involves purchasers or acquirers of Charter Communications securities from July 26, 2024, to July 24, 2025 [1]. - Investors have until October 14, 2025, to seek appointment as lead plaintiff in the lawsuit [2][6]. - The lawsuit alleges that Charter Communications and its executives made false statements regarding the company's ability to manage the impact of the Affordable Connectivity Program's end, which affected customer retention and revenue [4]. Group 2: Financial Impact - On July 25, 2025, Charter Communications reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, indicating a growth of 0.5% [5]. - The company experienced a decline of 117,000 Internet customers, with approximately 50,000 disconnects attributed to the end of the Affordable Connectivity Program [5]. - Following the financial results announcement, Charter Communications' stock price fell by more than 18% [5]. Group 3: Company Background - Charter Communications operates as a broadband connectivity and cable operator, serving both residential and commercial customers [3]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the investors, is recognized for its significant recoveries in securities fraud cases, having recovered over $2.5 billion for investors in 2024 alone [7].
CHTR ANNOUNCEMENT: Kessler Topaz Meltzer & Check, LLP Notifies Investors of a Class Action Lawsuit Against Charter Communications, Inc. (CHTR)
Prnewswire· 2025-09-28 14:54
Core Viewpoint - A securities class action lawsuit has been filed against Charter Communications, Inc. for allegedly making materially false and misleading statements regarding its business operations and the impact of the Affordable Connectivity Program cancellation [1][3]. Group 1: Allegations Against Charter - The lawsuit claims that Charter failed to disclose the significant impact of the cancellation of the Affordable Connectivity Program (ACP) on its Internet customer base and revenue [3]. - It is alleged that Charter's operational strategies were inadequate to mitigate the adverse effects of the ACP ending, leading to greater risks to business plans and earnings growth than previously reported [3]. - The complaint asserts that Charter's positive statements about its business and growth prospects were misleading and lacked a reasonable basis throughout the class period [3]. Group 2: Class Period and Legal Process - The class period for the lawsuit is defined as July 26, 2024, to July 24, 2025, with a lead plaintiff deadline set for October 14, 2025 [1][4]. - Investors who suffered losses during this period may seek to be appointed as lead plaintiffs or remain absent class members [4].
CHARTER COMMUNICATIONS ALERT: Lose Money on Your Charter (NASDAQ:CHTR) Investment? Contact BFA Law about the Pending Securities Fraud Class Action
Globenewswire· 2025-09-28 11:05
Core Viewpoint - A lawsuit has been filed against Charter Communications, Inc. and certain senior executives for potential violations of federal securities laws, particularly related to the impact of the Affordable Connectivity Program's termination on the company's customer base and earnings [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, captioned Sandoval v. Charter Communications, Inc., No. 1:25-cv-06747, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until October 14, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Charter Communications is a leading broadband and cable operator that participated in the FCC's Affordable Connectivity Program (ACP), which provided funding to subsidize high-speed internet plans for low-income households [3]. - The ACP ended in June 2024 due to a lack of federal funding, leading to customer declines for Charter [3]. Group 3: Financial Impact - During the relevant period, Charter claimed to have successfully managed the risks associated with the end of the ACP, stating that the impact was behind them [4]. - However, the company continued to experience declines in internet customers and revenue, contradicting its earlier statements [4]. Group 4: Stock Performance - Following the announcement of its second quarter 2025 financial results on July 25, 2025, Charter reported a decrease of 117,000 total internet customers, including approximately 50,000 disconnects related to the end of the ACP, nearly double from the previous quarter [5]. - The stock price fell by $70.25 per share, or 18.4%, from $380.00 on July 24, 2025, to $309.75 on July 25, 2025, reflecting the negative market reaction to the news [5].
Charter Communications: Why The Moat Still Holds (NASDAQ:CHTR)
Seeking Alpha· 2025-09-28 07:51
Group 1 - Charter Communications has experienced a significant decline in share value, decreasing by 56% over the past five years, indicating challenges faced by traditional cable networks [1] - The article emphasizes the shift away from traditional cable networks, suggesting they are becoming obsolete in the current market landscape [1] Group 2 - The focus is on identifying companies with durable economic resilience, pricing power, and capital efficiency, which are essential for long-term value creation [1] - The sectors of interest include Technology, Industrials, and Financials, with an emphasis on scalable business models and mission-critical offerings [1] - The analysis includes capital allocation strategies, margin trajectories, and unit economics to evaluate the sustainability of growth and returns [1]
ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Charter Communications, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CHTR
Globenewswire· 2025-09-27 19:02
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Charter Communications, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Charter Communications securities between July 26, 2024, and July 24, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by October 13, 2025 [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that Charter Communications made false or misleading statements regarding the impact of the FCC's Affordable Connectivity Program ending, which affected Internet customer declines and revenue [5]. - It is claimed that Charter failed to manage the consequences of the ACP ending and did not execute operations effectively to mitigate the impact, leading to greater risks than reported [5]. - The lawsuit asserts that Charter had no reasonable basis for its positive statements about its business operations and growth during the Class Period, resulting in investor damages when the true situation was revealed [5].
Deadline Alert: Charter Communications, Inc. (CHTR) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Globenewswire· 2025-09-26 17:56
Core Viewpoint - Charter Communications, Inc. is facing a class action lawsuit due to significant declines in internet and video customers, which were not adequately disclosed to investors, leading to a substantial drop in stock price [1][4][3]. Financial Performance - In Q2 2025, Charter reported a decline of 117,000 internet customers, compared to a decline of about 100,000 in Q2 2024, when adjusted for the Affordable Connectivity Program (ACP) impact [2]. - The company also experienced a decrease of 80,000 total video customers during the same period [2]. Stock Market Reaction - Following the release of the disappointing financial results on July 25, 2025, Charter's stock price fell by $70.25, or 18.5%, closing at $309.75 per share [3]. Lawsuit Details - The class action lawsuit alleges that Charter made materially false and misleading statements regarding its business operations and failed to disclose the adverse effects of the end of the ACP on customer retention and revenue [4]. - Specific allegations include the company's inability to manage the impact of the ACP ending, the failure to execute operations effectively, and the misleading nature of positive statements made about the company's growth prospects [4]. Legal Action - Investors who purchased Charter common stock during the specified class period (July 26, 2024, to July 24, 2025) have until October 14, 2025, to file a lead plaintiff motion in the class action lawsuit [1][5].