Core Viewpoint - A class action lawsuit has been filed against Charter Communications, alleging that the company misled investors regarding its business operations and financial outlook, particularly in relation to the impact of the FCC's Affordable Connectivity Program ending [1][4]. Group 1: Lawsuit Details - The class action lawsuit, Sandoval v. Communications, Inc., was initiated in the United States District Court for the Southern District of New York, targeting individuals who purchased Charter securities or options between July 26, 2024, and July 24, 2025 [1]. - The lawsuit claims that Charter's executives failed to disclose significant adverse facts about the company's performance and outlook, leading to misleading statements about its operations and growth potential [4]. Group 2: Financial Performance - Charter reported an EBITDA of $5.7 billion for Q2 2025, indicating a 0.5% year-over-year growth; however, this growth was largely attributed to a one-time benefit of $45 million, which, if excluded, would have resulted in a 2.4% miss against consensus estimates and a 0.3% decline year-over-year [5]. - The company experienced a decline of 117,000 Internet customers in Q2 2025, nearly double the loss of 66,000 customers in the previous quarter and an increase from the loss of 99,000 customers in Q2 2024 [6]. Group 3: Market Reaction - Following the release of its Q2 2025 financial results, Charter's stock price fell by $70.25 per share, or 18.4%, closing at $309.75 per share on July 25, 2025, reflecting investor concerns over the company's declining customer base and misleading financial statements [6].
Shamis & Gentile, P.A. Notifies Investors It Has Filed a Complaint to Recover Losses Suffered by Investors in Charter Communications, Inc. Securities and Options, and Sets a Lead Plaintiff Deadline of October 13, 2025