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CHTR Investor Alert: Contact Kessler Topaz Meltzer & Check, LLP About the Securities Fraud Class Action Lawsuit Filed Against Charter Communications, Inc. (CHTR)
Charter CommunicationsCharter Communications(US:CHTR) GlobeNewswire News Roomยท2025-08-25 22:56

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 Affordable Connectivity Program cancellation on its performance [1][2]. Group 1: Allegations Against Charter - 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's operational strategies were inadequate to mitigate the effects of the ACP ending, leading to greater risks to business plans and earnings growth than reported [2]. - The complaint asserts that Charter's positive statements about its business and prospects were misleading and lacked a reasonable basis throughout the class period [2]. Group 2: Class Action Process - Investors in Charter have until October 14, 2025, to seek appointment as lead plaintiff in the class action, which involves representing the interests of all class members [3]. - A lead plaintiff is typically an investor or small group of investors with the largest financial interest in the case, who will select counsel to represent the class [3]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and encourages affected Charter investors to contact them for more information [4]. - The firm has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4].