Charter Communications(US:CHTR) Prnewswire·2025-09-29 12:45Core Viewpoint - A class action lawsuit has been filed against Charter Communications, Inc. (NASDAQ: CHTR) alleging that the company made materially false and misleading statements regarding its business operations and the impact of the Affordable Connectivity Program (ACP) ending on its internet customer base and revenue [2]. Group 1: Allegations - The lawsuit claims that Charter failed to disclose the significant impact of the ACP end, which contributed to internet customer declines and revenue losses [2]. - It is alleged that the company did not execute broader operations effectively to mitigate the adverse effects of the ACP ending [2]. - The complaint states that Charter's internet customer declines and execution failures posed greater risks to its business plans and earnings growth than previously reported [2]. - As a result, the company allegedly lacked a reasonable basis for its positive statements regarding its operations and long-term growth trajectory [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as July 26, 2024, to July 24, 2025, during which shareholders who purchased Charter securities may be eligible to participate [1]. - Shareholders are encouraged to register for the class action by October 14, 2025, to be considered for lead plaintiff status and to receive updates on the case [3]. - The Gross Law Firm, which is leading the class action, emphasizes its commitment to protecting investors' rights against deceitful business practices [4].