Charter Communications(US:CHTR) GlobeNewswire News Roomยท2025-08-15 18:46Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Charter Communications, Inc. due to allegations of violations of federal securities laws, particularly related to misleading statements about the company's performance and the impact of the Affordable Connectivity Program (ACP) ending [4][6]. Group 1: Legal Investigation - The firm is encouraging investors who suffered losses exceeding $100,000 in Charter between July 26, 2024, and July 24, 2025, to discuss their legal rights [1]. - There is a deadline of October 13, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Charter [4]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [5]. Group 2: Allegations Against Charter - The complaint alleges that Charter and its executives made false or misleading statements and failed to disclose the material impact of the ACP ending on internet customer declines and revenue [6]. - Specific claims include that Charter was unable to manage the impact of the ACP ending, leading to a decline in internet customers and revenue, and that the company did not execute operations effectively to compensate for these declines [6]. - The complaint asserts that Charter's positive statements about its business and earnings growth lacked a reasonable basis, misleading investors during the class period [6]. Group 3: Financial Impact - On July 25, 2025, 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 ACP's prior year's impact [7]. - The company's total video customers also decreased by 80,000 during the same period [7]. - Following the release of these results, Charter's stock price fell by $70.25 per share, or 18.5%, closing at $309.75 per share on July 25, 2025 [7].