Charter Communications(CHTR)
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CHTR INVESTOR NOTICE: Charter Communications, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-08-25 11:12
Core Viewpoint - The Charter Communications class action lawsuit alleges that the company and its 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 [3][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 [1]. - The lawsuit claims that Charter Communications failed to manage the impact of the ACP ending, leading to significant customer declines and revenue issues [3]. Group 2: Financial Impact - On July 25, 2025, Charter Communications reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, reflecting a growth of 0.5% [4]. - The company experienced a decline of 117,000 Internet customers, with approximately 50,000 disconnects attributed to the end of the ACP [4]. - Following the financial results announcement, Charter Communications' stock price fell by more than 18% [4]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Charter Communications securities during the Class Period to seek lead plaintiff status [5]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6]. - 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 [6].
CHTR CLASS REMINDER: Suffer Losses on Your Charter Communications, Inc. Investment? Contact BFA Law before the October 14 Court Deadline (NASDAQ:CHTR)
GlobeNewswire News Room· 2025-08-23 11:12
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, which subsidized high-speed 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 customers for Charter [3]. Group 3: Financial Impact - Charter claimed to have successfully managed the end of the Affordable Connectivity Program, stating that the impact was behind them; however, the company continued to experience declines in internet customers and revenue [4]. - In the second quarter of 2025, Charter reported a decrease of 117,000 total internet customers, including approximately 50,000 disconnects related to the end of the program, 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].
Class Action Announcement for Charter Communications, Inc. (CHTR): Kessler Topaz Meltzer & Check, LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Charter Communications, Inc.
Prnewswire· 2025-08-22 22:47
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 previously reported [2]. - 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 [2]. Group 2: Class Action Process - Investors in Charter have until October 14, 2025, to seek appointment as lead plaintiff in the class action, which involves representing the interests of all class members [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and is responsible for directing 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]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is the law firm handling the class action and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [4]. - The firm encourages Charter investors who have experienced losses to contact them for more information regarding the lawsuit [4].
CHTR LAWSUIT ALERT: Levi & Korsinsky Notifies Charter Communications, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
GlobeNewswire News Room· 2025-08-22 20:44
Core Viewpoint - A class action securities lawsuit has been filed against Charter Communications, Inc. alleging securities fraud that adversely affected investors during a specific time frame [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors who purchased or acquired Charter securities, including call options and put options, between July 26, 2024, and July 24, 2025 [2]. - The complaint alleges that the defendants made false statements and concealed material information regarding the impact of the Affordable Connectivity Program (ACP) ending, which affected Internet customer declines and revenue [3]. - It is claimed that the company failed to manage the impact of the ACP end 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 time frame have until October 14, 2025, to request to be appointed 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 of dollars 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].
Deadline Alert: Charter Communications, Inc. (CHTR) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
GlobeNewswire News Room· 2025-08-22 16:00
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 [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, Charter's stock price fell by $70.25, or 18.5%, closing at $309.75 per share on July 25, 2025 [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 ACP ending on customer retention and revenue [4]. - Specific allegations include the company's inability to manage the impact of the ACP end, 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 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].
Levi & Korsinsky Reminds Charter Communications, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 14, 2025 - CHTR
Prnewswire· 2025-08-22 12:45
Core Viewpoint - A class action securities lawsuit has been filed against Charter Communications, Inc. alleging securities fraud that adversely affected investors during a specific time frame [1][2]. Class Definition - The lawsuit represents all individuals and entities who purchased or acquired Charter securities, including call options and put options, between July 26, 2024, and July 24, 2025 [2]. Case Details - The complaint alleges that Charter Communications made false statements and concealed significant issues, including: - The end of the Affordable Connectivity Program (ACP) was a material event that the Company could not manage effectively [3]. - The ACP's conclusion had a sustained negative impact on Internet customer declines and revenue [3]. - The Company failed to execute broader operations to compensate for the impact of the ACP ending [3]. - The decline in Internet customers and the failure of Charter's execution strategy posed greater risks to business plans and earnings growth than reported [3]. - The Company lacked a reasonable basis for its positive statements regarding operations and long-term growth [3]. Next Steps - Investors who suffered losses during the relevant time frame have until October 14, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [4]. Why Levi & Korsinsky - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders and being recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [5].
Charter Communications, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. October 14, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-08-21 20:05
Core Viewpoint - Charter Communications is facing a class action lawsuit due to alleged misleading statements and failure to disclose significant operational challenges related to the termination of the Federal Communications Commission's Affordable Connectivity Program, which negatively impacted subscriber growth and revenue [3][4]. Group 1: Class Action Details - The class action represents investors who purchased securities between July 26, 2024, and July 24, 2025, with a deadline to file a lead plaintiff motion by October 14, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation regarding their legal rights and options for recovering losses [2]. Group 2: Allegations Against Charter Communications - The lawsuit alleges that Charter Communications failed to manage the impact of the Affordable Connectivity Program's termination, which led to a sustained negative effect on Internet subscriber growth and revenue [3]. - It is claimed that the company did not implement effective operational strategies to mitigate the adverse effects of the ACP's termination, resulting in greater risks to its business plans and earnings growth than disclosed [3]. Group 3: Financial Impact - On July 25, 2025, Charter Communications reported second quarter 2025 results, showing EBITDA of $5.7 billion, reflecting only 0.5% growth, and a loss of 117,000 Internet customers, including approximately 50,000 disconnects related to the ACP's termination [4]. - Following the announcement of these results, Charter Communications' stock price fell by more than 18%, indicating significant investor injury [4].
The Gross Law Firm Reminds Charter Communications, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 14, 2025 – CHTR
GlobeNewswire News Room· 2025-08-21 19:40
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 impact of the Affordable Connectivity Program's end on the company's performance [1][4]. Summary by Relevant Sections Class Period - The lawsuit pertains to all individuals and entities that purchased or acquired Charter securities, including call options and sold put options, between July 26, 2024, and July 24, 2025 [3]. Allegations - The complaint alleges that during the class period, Charter Communications made materially false and misleading statements, failing to disclose significant impacts from the end of the Affordable Connectivity Program (ACP) [4]. - Specific allegations include: - The company could not manage the impact of the ACP ending, which led to declines in Internet customers and revenue [4]. - Charter was not executing broader operations effectively to compensate for the ACP's end [4]. - The decline in Internet customers and the failure of the company's execution strategy posed greater risks to business plans and earnings growth than reported [4]. - The company lacked a reasonable basis for its positive statements regarding operations and long-term growth [4]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by October 14, 2025, to participate in potential recovery [5]. - Registration includes enrollment in a portfolio monitoring software for status updates throughout the case [5]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [6].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Charter Communications, Inc. of Class Action Lawsuit and Upcoming Deadlines – CHTR
GlobeNewswire News Room· 2025-08-21 17:23
Group 1 - A class action lawsuit has been filed against Charter Communications, Inc. for alleged securities fraud and unlawful business practices [2][4] - Investors who purchased Charter securities during the Class Period have until October 13, 2025, to apply as Lead Plaintiff [2] - Charter reported second quarter 2025 EBITDA of $5.7 billion, reflecting a 0.5% year-over-year growth, but this was largely due to a $45 million one-time benefit [4] Group 2 - The company experienced a decline of 117,000 Internet customers in the second quarter of 2025, nearly double the loss of 66,000 in the previous quarter [4] - Year-over-year, the decline in Internet customers increased from a loss of 99,000 in the second quarter of 2024 [4] - Following the financial results announcement, Charter's stock price fell by $70.25, or 18.4%, closing at $309.75 per share [5]
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Charter Communications
Prnewswire· 2025-08-21 15:55
Core Viewpoint - The complaint against Charter Communications alleges violations of federal securities laws due to misleading statements regarding the impact of the Affordable Connectivity Program (ACP) ending, which affected customer declines and revenue growth [2]. Financial Performance - Charter reported a decline of 117,000 internet customers in Q2 2025, compared to a decline of about 100,000 in Q2 2024, after adjusting for the ACP's prior year's impact. Additionally, total video customers decreased by 80,000 [3]. - Following the release of these financial results, Charter's stock price dropped by $70.25 per share, or 18.5%, closing at $309.75 on July 25, 2025 [3]. Legal Proceedings - A lead plaintiff has been appointed to oversee the litigation on behalf of the class, representing those with the largest financial interest in the case [4]. - The law firm Faruqi & Faruqi encourages individuals with information regarding Charter's conduct to come forward, including whistleblowers and former employees [5].