Charter Communications(US:CHTR) Prnewswireยท2025-09-19 12:45Core Viewpoint - A class action securities lawsuit has been filed against Charter Communications, Inc. alleging securities fraud affecting investors during a specific time frame [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who purchased or acquired Charter securities or options between July 26, 2024, and July 24, 2025 [2]. - The complaint alleges that the company made false statements regarding the impact of the Affordable Connectivity Program (ACP) ending, which was not managed effectively by the company [3]. - It is claimed that the end of the ACP had a significant negative impact on internet customer declines and revenue, which the company failed to address adequately [3]. Group 2: Company Performance and Misrepresentation - The lawsuit asserts that Charter's execution strategy did not compensate for the adverse effects of the ACP ending, leading to greater risks to business plans and earnings growth than reported [3]. - The company allegedly lacked a reasonable basis for its positive statements about business operations and long-term growth, misleading investors during the class period [3]. Group 3: Next Steps for Investors - 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 this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 4: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [5].