CHARTER CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds Investors of Charter Communications to Contact the Firm Before October 24th

Core Viewpoint - A class action lawsuit has been filed against Charter Communications, Inc. for allegedly making false or misleading statements regarding its business operations and the impact of the Federal Communications Commission's Affordable Connectivity Program ending [7]. Allegation Details - The lawsuit claims that Charter failed to disclose the material impact of the Affordable Connectivity Program's end, which led to a decline in Internet customers and revenue [7]. - It is alleged that Charter did not manage the consequences of the ACP ending effectively and that its operational strategies were insufficient to mitigate the resulting risks [7]. - The lawsuit highlights that Charter's optimistic statements about its operational execution and earnings growth lacked a reasonable basis [7]. Financial Impact - On July 25, 2025, Charter reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, reflecting a growth of only 0.5% [7]. - The company experienced a decline of 117,000 Internet customers, which included approximately 50,000 disconnects related to the ACP's end [7]. - Following the announcement of these results, Charter's stock price fell by more than 18% [7].