Charter Communications(US:CHTR) Prnewswire·2025-09-28 14:54Core 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 [1][3]. 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 [3]. - 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 previously reported [3]. - The complaint asserts that Charter's positive statements about its business and growth prospects were misleading and lacked a reasonable basis throughout the class period [3]. Group 2: Class Period and Legal Process - The class period for the lawsuit is defined as July 26, 2024, to July 24, 2025, with a lead plaintiff deadline set for October 14, 2025 [1][4]. - Investors who suffered losses during this period may seek to be appointed as lead plaintiffs or remain absent class members [4].