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CHTR LEGAL NEWS: Charter Communications, Inc. Faces Securities Class Action after 18% Stock Drop -- Contact BFA Law by October 14 Court Deadline
Globenewswire· 2025-09-16 12:33
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][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, 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 - Charter claimed to have successfully managed the end of the ACP and stated that the impact was behind them; however, the company continued to experience declines in internet customers and revenue [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 ACP, nearly double the disconnects from the previous quarter [5]. - Following the announcement of these results, Charter's 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 [5].
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Charter Communications, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CHTR
Globenewswire· 2025-09-15 22:04
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased securities of Charter Communications, Inc. during the specified Class Period, alleging misleading statements and failure to disclose material events affecting the company's performance [1][5]. Group 1: Lawsuit Details - The class action lawsuit covers purchasers of Charter Communications securities and options between July 26, 2024, and July 24, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must be appointed by October 13, 2025, to represent other class members in the litigation [3]. Group 2: Allegations Against Charter Communications - The lawsuit claims that Charter Communications failed to manage the impact of the FCC's Affordable Connectivity Program (ACP) ending, which significantly affected Internet customer declines and revenue [5]. - It is alleged that Charter did not execute broader operations effectively to compensate for the ACP's end, leading to greater risks on business plans and earnings growth than reported [5]. - The defendants are accused of making overly optimistic statements about the company's operations and long-term growth trajectory without a reasonable basis [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. - Many attorneys at the firm have received recognition from Lawdragon and Super Lawyers, highlighting their expertise in this area [4].
Charter Communications, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before October 14, 2025 to Discuss Your Rights – CHTR
Globenewswire· 2025-09-15 20:02
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Charter Communications, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's performance and the impact of the Affordable Connectivity Program ending [1][4]. Group 1: Class Action Details - The class period for the lawsuit is from July 26, 2024, to July 24, 2025, during which shareholders who purchased Charter securities or options are encouraged to participate [3]. - Shareholders are advised to register for the class action by October 14, 2025, to be eligible for potential recovery [5]. Group 2: Allegations Against Charter Communications - The complaint alleges that Charter failed to disclose the significant impact of the Affordable Connectivity Program's end, which affected Internet customer declines and revenue [4]. - It is claimed that the company did not execute broader operations effectively to mitigate the impact of the ACP ending, leading to greater risks to business plans and earnings growth than reported [4]. - The lawsuit asserts that Charter's positive statements regarding its operations and long-term growth lacked a reasonable basis, misleading investors about the company's actual performance [4].
CHTR Announcement: Contact Kessler Topaz Meltzer & Check, LLP About the Securities Fraud Class Action Lawsuit Filed Against Charter Communications, Inc. (CHTR)
Prnewswire· 2025-09-15 14:30
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 on its performance [1][2]. Summary by Sections Allegations Against Defendants - The complaint claims that Charter's management failed to disclose the significant negative impact of the cancellation of the Affordable Connectivity Program (ACP) on Internet customer declines and revenue [2]. - It is alleged that Charter was unable to manage the consequences of the ACP's end and did not execute operations effectively to mitigate these impacts [2]. - The lawsuit asserts that the decline in Internet customers and the failure of Charter's execution strategy posed greater risks to business plans and earnings growth than previously reported [2]. - Defendants are accused of making overly optimistic statements about the company's operational success and long-term EBITDA growth without a reasonable basis [2]. Lead Plaintiff Process - Investors in Charter have until October 14, 2025, to seek appointment as a lead plaintiff representative in the class action [3]. - The lead plaintiff will represent the interests of all class members and select legal counsel to direct the litigation [3]. - Participation as a lead plaintiff does not affect an investor's ability to share in any potential recovery from the lawsuit [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4]. - The firm encourages Charter investors who have experienced significant losses to reach out for more information regarding the lawsuit [4].
Kessler Topaz Meltzer & Check, LLP Reminds CHTR Investors of October 14, 2025 Deadline in Securities Fraud Class Action and Urges Investors with Losses to Contact the Firm
Globenewswire· 2025-09-13 14:01
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 on its performance [1][2]. 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 [2]. - 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 reported [2]. - The complaint asserts that Charter's positive statements about its business and prospects were misleading and lacked a reasonable basis throughout the class period [2]. Group 2: Class Action Details - Investors who purchased Charter securities between July 26, 2024, and July 24, 2025, are eligible to participate in the class action, with a lead plaintiff deadline set for October 14, 2025 [1][3]. - A lead plaintiff will represent the interests of all class members and is typically the investor with the largest financial stake in the case [3]. - Investors can choose to either seek appointment as a lead plaintiff or remain as absent class members without affecting their ability to share in any recovery [3].
Noteworthy Friday Option Activity: QBTS, CHTR, WMT
Nasdaq· 2025-09-13 00:09
Options Trading Activity - D-Wave Quantum Inc (QBTS) has seen significant options trading volume with 150,484 contracts traded, equating to approximately 15.0 million underlying shares, which is about 49.1% of its average daily trading volume of 30.6 million shares over the past month [1] - Charter Communications Inc (CHTR) has recorded 8,843 contracts traded, representing around 884,300 underlying shares, or 49.1% of its average daily trading volume of 1.8 million shares over the past month [2] - Walmart Inc (WMT) has experienced a trading volume of 88,123 contracts, amounting to approximately 8.8 million underlying shares, which is 47.8% of its average daily trading volume of 18.4 million shares over the past month [3] Notable Options - For QBTS, the $17.50 strike call option expiring on September 12, 2025, has seen 11,781 contracts traded, representing about 1.2 million underlying shares [1] - CHTR's notable option is the $330 strike put option expiring on September 19, 2025, with 1,700 contracts traded, equating to approximately 170,000 underlying shares [2] - WMT's significant option activity includes the $104 strike call option expiring on September 12, 2025, with 8,303 contracts traded, representing around 830,300 underlying shares [3]
ROSEN, LEADING INVESTOR COUNSEL, Encourages Charter Communications, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CHTR
Globenewswire· 2025-09-12 23:02
Core Viewpoint - A class action lawsuit has been filed against Charter Communications, Inc. for misleading statements regarding its business operations and the impact of the FCC's Affordable Connectivity Program ending, which allegedly led to investor losses during the specified Class Period [1][5]. Group 1: Lawsuit Details - The class action lawsuit covers purchasers of Charter Communications securities and options between July 26, 2024, and July 24, 2025 [1]. - The lawsuit claims that Charter Communications made false or misleading statements about its ability to manage the impact of the FCC's Affordable Connectivity Program ending, which affected internet customer declines and revenue [5]. - The lawsuit alleges that Charter's management failed to disclose the true risks associated with its business plans and earnings growth, leading to materially misleading statements about the company's operations and outlook [5]. Group 2: Legal Process and Participation - Investors who purchased securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by submitting a form or contacting the law firm directly, with a deadline to serve as lead plaintiff by October 13, 2025 [3][6]. - It is noted that no class has been certified yet, and investors are not represented by counsel unless they retain one [7].
CHTR INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Charter Communications, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
Globenewswire· 2025-09-12 20:10
Core Viewpoint - The Charter Communications class action lawsuit alleges that the company and certain executives made misleading statements regarding the impact of the Federal Communications Commission's Affordable Connectivity Program (ACP) ending, which affected customer declines and revenue growth [4][5]. Group 1: Lawsuit Details - The lawsuit, titled Sandoval v. Charter Communications, Inc., seeks to represent purchasers or acquirers of Charter Communications securities, including call options and put options [1]. - The lead plaintiff process allows any investor who purchased or acquired Charter Communications securities during the Class Period to seek appointment as lead plaintiff [6]. Group 2: Allegations Against Charter Communications - The lawsuit claims that Charter Communications failed to manage the impact of the ACP ending, which led to a decline in Internet customers and revenue [4]. - It is alleged that the company did not execute broader operations effectively to compensate for the ACP's end, resulting in greater risks to business plans and earnings growth than reported [4]. - The company reported an EBITDA of $5.7 billion for Q2 2025, indicating a 0.5% growth, but also a loss of 117,000 Internet customers, with approximately 50,000 disconnects attributed to the ACP's end [5]. Group 3: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7]. - The firm has been ranked 1 in securing monetary relief for investors in securities class action cases for four out of the last five years [7].
Lost Money on Charter Communications, Inc.(CHTR)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
Prnewswire· 2025-09-12 12:45
Core Viewpoint - A class action securities lawsuit has been filed against Charter Communications, Inc. alleging securities fraud affecting investors who acquired Charter securities between July 26, 2024, and July 24, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors adversely affected by alleged securities fraud during the specified period [2]. - The complaint claims that the defendants made false statements and concealed the material impact of the Affordable Connectivity Program (ACP) ending, which affected Internet customer declines and revenue [3]. - It is alleged that the company failed to manage the impact of the ACP ending and did not execute broader operations effectively to compensate for the resulting declines [3]. Group 2: Implications for Investors - Investors who suffered losses during the relevant timeframe have until October 14, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [5]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5].
CHTR SECURITIES NOTICE: Did Charter Communications, Inc. Mislead Investors? Contact BFA Law if You Lost Money on Your Investment
Globenewswire· 2025-09-12 12:18
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][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 claims are made 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 a decline in customers 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]. - In the second quarter of 2025, Charter reported a decrease of 117,000 total internet customers, with approximately 50,000 disconnects attributed to the end of the ACP, nearly double the disconnects from the previous quarter [5]. - Following this announcement, Charter's 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 [5].