Charter Communications(US:CHTR) Prnewswireยท2025-08-21 12:45Core Viewpoint - The Gross Law Firm has announced a class action lawsuit against Charter Communications, Inc. for allegedly misleading statements regarding the impact of the Affordable Connectivity Program's end on the company's performance and customer base [2]. Group 1: Allegations - The lawsuit claims that Charter failed to disclose the significant impact of the Affordable Connectivity Program (ACP) ending, which affected Internet customer declines and revenue [2]. - It is alleged that Charter 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 [2]. - The company reportedly lacked a reasonable basis for its positive statements about its operations and long-term growth trajectory during the class period [2]. Group 2: 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 may be eligible to participate [1][3]. - Shareholders are encouraged to register for the class action by the deadline of October 14, 2025, to receive updates and monitor the case [3]. - There is no cost or obligation for shareholders to participate in the case [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].