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Kessler Topaz Meltzer & Check, LLP Reminds Charter Communication, Inc. Investors of Important Deadline in Securities Fraud Class Action Lawsuit
Globenewswire· 2025-09-08 23:20
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 cancellation of the Affordable Connectivity Program [1][2]. Allegations Against Defendants - 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 did not manage the consequences of the ACP cancellation effectively, leading to a decline in Internet customers and revenue [2]. - The complaint states that Charter's operational strategies were inadequate to compensate for the negative effects of the ACP ending, resulting in greater risks to business plans and earnings growth than reported [2]. - Defendants are accused of making overly optimistic statements about the company's operational success and long-term EBITDA growth trajectory, which lacked 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 lawsuit [3]. - A lead plaintiff acts on behalf of all class members and typically has the largest financial interest in the case [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].
CHARTER COMMUNICATIONS, INC. (NASDAQ: CHTR) SHAREHOLDER ALERT Bernstein Liebhard LLP Reminds Charter Communications, Inc. Investors of Upcoming Deadline
Globenewswire· 2025-09-08 14:47
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 [4][5]. Group 1 - 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, including call options and put options [4]. - Investors are reminded of the deadline to file papers to serve as lead plaintiff by October 14, 2025, which allows them to represent other class members in the litigation [5]. - The law firm Bernstein Liebhard LLP, which has a history of recovering over $3.5 billion for clients, is representing the investors on a contingency fee basis, meaning shareholders pay no fees or expenses [6][7].
October 14, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against CHTR
Prnewswire· 2025-09-08 12:45
Group 1 - The Gross Law Firm has issued a notice to shareholders of Charter Communications, Inc. [1]
CHTR SHAREHOLDERS: Charter Communications, Inc. Customer Decline Triggers Class Action -- Contact BFA Law by October 14 if You Lost Money (NASDAQ:CHTR)
Globenewswire· 2025-09-08 12:36
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 performance [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 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 due to the program's termination [4]. - In Q2 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 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].
Faruqi & Faruqi Reminds Charter Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 13, 2025 - CHTR
GlobeNewswire News Room· 2025-09-07 16:41
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Charter Communications, Inc. due to allegations of violations of federal securities laws related to misleading statements and undisclosed impacts on the company's performance [3][5]. Group 1: Legal Investigation - The firm is reminding investors of the October 13, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against Charter [3]. - Investors who suffered losses in Charter between July 26, 2024, and July 24, 2025, are encouraged to contact the firm to discuss their legal rights [1][3]. Group 2: Allegations Against Charter - The complaint alleges that Charter and its executives made false and misleading statements regarding the impact of the end of the Affordable Connectivity Program (ACP) on internet customer declines and revenue [5]. - It is claimed that Charter failed to manage the consequences of the ACP ending, which had a sustained negative impact on its business operations and earnings growth [5]. - The company reported a decline of 117,000 internet customers in Q2 2025, compared to a decline of about 100,000 in Q2 2024, indicating worsening performance [6]. Group 3: Financial Impact - Following the release of its Q2 2025 financial results, Charter's stock price fell by $70.25 per share, or 18.5%, closing at $309.75 per share on July 25, 2025 [6].
CHTR INVESTOR NOTICE: Charter Communications, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-09-06 15:00
Core Viewpoint - A class action lawsuit has been filed against Charter Communications, alleging violations of the Securities Exchange Act of 1934 due to misleading statements regarding the impact of the Federal Communications Commission's Affordable Connectivity Program (ACP) on the company's performance [1][4]. 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]. - Allegations include that Charter Communications failed to disclose the material impact of the ACP's end, which led to a decline in Internet customers and revenue [4]. - The lawsuit claims that the company did not manage the consequences of the ACP ending effectively, resulting in greater risks to business plans and earnings growth than reported [4]. 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% [5]. - The company experienced a decline of 117,000 Internet customers, with approximately 50,000 disconnects attributed to the end of the ACP [5]. - Following the financial results announcement, Charter Communications' stock price fell by more than 18% [5]. Group 3: Legal Process - Investors who suffered substantial losses can seek to serve as lead plaintiff in the class action lawsuit, with motions due by October 14, 2025 [2][6]. - The lead plaintiff will represent the interests of all class members and can choose a law firm to litigate the case [6]. Group 4: Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7]. - The firm has a strong track record in obtaining significant recoveries in securities class action cases, including the largest recovery in history of $7.2 billion in the Enron case [7].
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Charter Communications
Prnewswire· 2025-09-06 13:04
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Charter Communications, Inc. due to allegations of violations of federal securities laws related to misleading statements and undisclosed impacts on the company's performance [3][4]. Group 1: Allegations Against Charter - The complaint alleges that Charter and its executives made false or misleading statements regarding the impact of the Affordable Connectivity Program (ACP) ending, which was a material event that the company failed to manage effectively [3]. - It is claimed that the ACP ending had a sustained negative impact on internet customer declines and revenue, and that Charter was not executing operations adequately to compensate for this decline [3]. - The allegations suggest that Charter's optimistic statements about its business operations and earnings growth lacked a reasonable basis, misleading investors during the class period [3]. Group 2: Financial Impact - Charter reported a decline of 117,000 total internet customers in Q2 2025, compared to a decline of about 100,000 in Q2 2024, after adjusting for the prior year's ACP impact [4]. - The company's total video customers also decreased by 80,000 during the same period [4]. - Following the release of these financial results, Charter's stock price fell by $70.25 per share, or 18.5%, closing at $309.75 per share on July 25, 2025 [4]. Group 3: Legal Proceedings - Investors who purchased securities in Charter between July 26, 2024, and July 24, 2025, are reminded of the October 13, 2025, deadline to seek the role of lead plaintiff in the federal securities class action against the company [1]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [5]. - Faruqi & Faruqi encourages anyone with information regarding Charter's conduct to come forward, including whistleblowers and former employees [6].
CHTR LAWSUIT NOTICE: Lose Money on Charter Communications, Inc.? Contact BFA Law Prior to October 14 Legal Deadline (NASDAQ:CHTR)
GlobeNewswire News Room· 2025-09-06 11:08
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, with investors having until October 14, 2025, to seek lead plaintiff status [2]. - The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Charter securities [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 communicated to investors that it was managing the risks associated with the end of the ACP, claiming 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].
CHTR Investors: If you Lost Significant Money in CHTR Contact Robbins LLP for Information About the Securities Fraud Class Action Against Charter Communications, Inc.
Prnewswire· 2025-09-06 02:49
Core Viewpoint - A class action lawsuit has been filed against Charter Communications, Inc. for allegedly misleading investors about its business prospects, particularly regarding the impact of the Affordable Connectivity Program's end on its financial performance [2][3]. Group 1: Allegations and Financial Performance - The lawsuit claims that Charter failed to disclose the material impact of the Affordable Connectivity Program (ACP) ending, which affected Internet customer declines and revenue [2]. - Charter reported an EBITDA of $5.7 billion for Q2 2025, indicating a 0.5% year-over-year growth; however, this growth was attributed to a one-time benefit of $45 million, and without this, EBITDA would have missed estimates by 2.4% and shown a decline of 0.3% year-over-year [3]. - Following the financial results announcement, Charter's stock price dropped by $70.25, or over 18%, closing at $309.75 per share on July 25, 2025 [3]. Group 2: Class Action Participation - Shareholders who purchased Charter securities between July 26, 2024, and July 24, 2025, may be eligible to participate in the class action [1][4]. - Interested shareholders must contact Robbins LLP before the October 14, 2025, deadline to move for lead plaintiff status [4].
AppLovin, Robinhood Markets and Emcor Group Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600
Prnewswire· 2025-09-05 22:34
Core Viewpoint - S&P Dow Jones Indices will implement changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective September 22, 2025, to enhance market capitalization representation [1][2]. Changes Summary - **S&P 100 Changes**: - Addition of Uber Technologies (Ticker: UBER) in the Industrials sector - Deletion of Charter Communications (Ticker: CHTR) from the index [2][3]. - **S&P 500 Changes**: - Additions: - AppLovin (Ticker: APP) in the Information Technology sector - Robinhood Markets (Ticker: HOOD) in the Financials sector - Emcor Group (Ticker: EME) in the Industrials sector - Deletions: - MarketAxess Holdings (Ticker: MKTX) in the Financials sector - Caesars Entertainment (Ticker: CZR) in the Consumer Discretionary sector - Enphase Energy (Ticker: ENPH) in the Information Technology sector [2][3]. - **S&P MidCap 400 Changes**: - Additions: - Nutanix (Ticker: NTNX) in the Information Technology sector - TransUnion (Ticker: TRU) in the Industrials sector - MP Materials (Ticker: MP) in the Materials sector - Kratos Defense & Security Solutions (Ticker: KTOS) in the Industrials sector - Deletions: - Emcor Group (Ticker: EME) in the Industrials sector - The Wendy's Company (Ticker: WEN) in the Consumer Discretionary sector - Acadia Healthcare Company (Ticker: ACHC) in the Health Care sector - ManpowerGroup (Ticker: MAN) in the Industrials sector [3][4]. - **S&P SmallCap 600 Changes**: - Additions: - MarketAxess Holdings (Ticker: MKTX) in the Financials sector - Caesars Entertainment (Ticker: CZR) in the Consumer Discretionary sector - Enphase Energy (Ticker: ENPH) in the Information Technology sector - The Wendy's Company (Ticker: WEN) in the Consumer Discretionary sector - Acadia Healthcare Company (Ticker: ACHC) in the Health Care sector - Noble Corporation (Ticker: NE) in the Energy sector - Q2 Holdings (Ticker: QTWO) in the Information Technology sector - Waystar Holding (Ticker: WAY) in the Health Care sector - Hecla Mining (Ticker: HL) in the Materials sector - Deletions: - MP Materials (Ticker: MP) in the Materials sector - Kratos Defense & Security Solutions (Ticker: KTOS) in the Industrials sector - ProPetro Holding (Ticker: PUMP) in the Energy sector - Xerox Holdings (Ticker: XRX) in the Information Technology sector - TechTarget (Ticker: TTGT) in the Communication Services sector - Mesa Laboratories (Ticker: MLAB) in the Health Care sector - Owens & Minor (Ticker: OMI) in the Health Care sector - B&G Foods (Ticker: BGS) in the Consumer Staples sector - Jack in the Box (Ticker: JACK) in the Consumer Discretionary sector - Simulations Plus (Ticker: SLP) in the Health Care sector [3][4].