Charter Communications(US:CHTR) Prnewswire·2025-10-04 15:33Core 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 on its performance [1][2]. Summary by Sections Allegations Against Defendants - The complaint claims that during the Class Period, Charter's management failed to disclose significant adverse facts about the company's operations, including the negative impact of the Affordable Connectivity Program's cancellation on Internet customer declines and revenue [2]. - It is alleged that Charter was not effectively managing the consequences of the ACP ending, leading to greater risks to business plans and earnings growth than previously reported [2]. - The lawsuit asserts that Charter's positive statements regarding its operational success and long-term growth trajectory were materially misleading and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in Charter can seek to be appointed as lead plaintiffs by October 14, 2025, or choose to remain absent class members [3]. - The lead plaintiff will represent the interests of all class members and select legal counsel to direct the litigation [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering significant amounts for victims of corporate misconduct [4].