Charter Communications(US:CHTR) Globenewswire·2025-09-13 14:01Core 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 adverse 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 Details - Investors who purchased Charter securities between July 26, 2024, and July 24, 2025, are eligible to participate in the class action, with a lead plaintiff deadline set for October 14, 2025 [1][3]. - A lead plaintiff will represent the interests of all class members and is typically the investor with the largest financial stake in the case [3]. - Investors can choose to either seek appointment as a lead plaintiff or remain as absent class members without affecting their ability to share in any recovery [3].