Charter Communications(US:CHTR) Prnewswire·2025-10-01 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 [3]. - It is claimed that the ACP's end had a significant negative impact on internet customer declines and revenue, which the company failed to address adequately [3]. Group 2: Company Operations and Misrepresentation - The lawsuit asserts that Charter was not executing broader operations effectively to compensate for the negative impacts of the ACP ending [3]. - The decline in internet customers and the company's execution failures posed greater risks to business plans and earnings growth than reported [3]. - The defendants allegedly misled investors by providing overly optimistic statements about the company's operations and long-term growth trajectory [3]. Group 3: Next Steps for Affected Investors - Investors who suffered losses during the relevant time frame have until October 14, 2025, to request appointment as lead plaintiff [4]. - Participation in the lawsuit does not require any out-of-pocket costs for class members [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]. - The firm is recognized as one of the top securities litigation firms in the United States [5].