Charter Communications(US:CHTR) Globenewswire·2025-10-06 12:36Core Points - A lawsuit has been filed against Charter Communications, Inc. and certain senior executives for potential violations of federal securities laws [1][2] - The lawsuit is based on claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, with a deadline for investors to seek lead plaintiff status by October 14, 2025 [2] Company Overview - Charter Communications is a leading broadband and cable operator that participated in the FCC's Affordable Connectivity Program (ACP), which subsidized high-speed internet for low-income households [3] - The ACP ended in June 2024 due to a lack of federal funding, resulting in customer declines for Charter [3] Financial Impact - Charter claimed to have managed the risks associated with the end of the ACP, stating that the impact was behind them [4] - However, the company continued to experience declines in internet customers and revenue following the program's termination [4] Stock Performance - Following the announcement of its Q2 2025 financial results on July 25, 2025, Charter reported a decrease of 117,000 total internet customers, including approximately 50,000 disconnects related to the ACP's end [5] - The stock price fell by $70.25 per share, or 18.4%, from $380.00 on July 24, 2025, to $309.75 on July 25, 2025, reflecting the negative impact of the news [5]