Core Viewpoint - The Charter Communications class action lawsuit alleges that the company and its executives made misleading statements regarding the impact of the Federal Communications Commission's Affordable Connectivity Program (ACP) ending, which affected customer declines and revenue growth [3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Sandoval v. Charter Communications, Inc., and it involves purchasers or acquirers of Charter Communications securities from July 26, 2024, to July 24, 2025 [1]. - Investors have until October 14, 2025, to seek appointment as lead plaintiff in the lawsuit [1][5]. - The lawsuit claims that Charter Communications failed to manage the impact of the ACP ending, leading to significant customer declines and revenue issues [3]. Group 2: Financial Impact - On July 25, 2025, Charter Communications reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, indicating a growth of 0.5% [4]. - The company experienced a decline of 117,000 Internet customers, with approximately 50,000 disconnects attributed to the end of the ACP [4]. - Following the financial results announcement, Charter Communications' stock price fell by more than 18% [4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in the class action lawsuit and is recognized as a leading law firm in securities fraud and shareholder litigation [6]. - The firm has secured over $2.5 billion for investors in securities-related class action cases in 2024, ranking first in monetary relief for investors [6].
CHTR INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Charter Communications, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit