Portnoy Law Firm Announces Class Action on Behalf of Charter Communications, Inc. Investors

Core Viewpoint - Charter Communications, Inc. is facing a class action lawsuit due to alleged misleading statements regarding the impact of the termination of the Federal Communications Commission's Affordable Connectivity Program on its business performance and subscriber growth [3][4]. Group 1: Class Action Details - The class action is on behalf of investors who purchased securities between July 26, 2024, and July 24, 2025, with a deadline to file a lead plaintiff motion by October 13, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Group 2: Allegations Against Charter Communications - The lawsuit claims that Charter failed to disclose the material impact of the Affordable Connectivity Program's termination, which negatively affected Internet subscriber growth and revenue [3]. - It is alleged that Charter did not implement operational strategies to mitigate the adverse effects of the ACP's termination, leading to greater risks to its business plans and earnings growth than previously disclosed [3]. - The company reported an EBITDA of $5.7 billion for Q2 2025, reflecting only 0.5% growth, alongside a loss of 117,000 Internet customers, which included about 50,000 disconnects related to the ACP's termination [4]. Group 3: Market Reaction - Following the announcement of its Q2 2025 results, Charter Communications' stock price dropped by more than 18%, indicating significant investor concern and injury [4].