Charter Communications(US:CHTR) Prnewswire·2025-09-15 14:30Core 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]. Summary by Sections Allegations Against Defendants - The complaint claims that Charter's management failed to disclose the significant negative impact of the cancellation of the Affordable Connectivity Program (ACP) on Internet customer declines and revenue [2]. - It is alleged that Charter was unable to manage the consequences of the ACP's end and did not execute operations effectively to mitigate these impacts [2]. - The lawsuit asserts that the decline in Internet customers and the failure of Charter's execution strategy posed greater risks to business plans and earnings growth than previously reported [2]. - Defendants are accused of making overly optimistic statements about the company's operational success and long-term EBITDA growth without a reasonable basis [2]. Lead Plaintiff Process - Investors in Charter have until October 14, 2025, to seek appointment as a lead plaintiff representative in the class action [3]. - The lead plaintiff will represent the interests of all class members and select legal counsel to direct the litigation [3]. - Participation as a lead plaintiff does not affect an investor's ability to share in any potential recovery from the lawsuit [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4]. - The firm encourages Charter investors who have experienced significant losses to reach out for more information regarding the lawsuit [4].