Charter Communications(US:CHTR) Prnewswire·2025-08-22 12:45Core 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].