Charter Communications(US:CHTR) Prnewswire·2025-10-06 12:45Core Viewpoint - The Gross Law Firm has initiated a class action lawsuit on behalf of shareholders of Charter Communications, Inc. (NASDAQ: CHTR) due to alleged misleading statements and omissions regarding the company's performance and the impact of the Affordable Connectivity Program (ACP) ending [1][2]. Group 1: Allegations - The lawsuit claims that Charter failed to disclose the significant impact of the ACP end, which contributed to declines in Internet customers and revenue [2]. - It is alleged that the company did not execute broader operations effectively to mitigate the adverse effects of the ACP ending [2]. - The complaint suggests that Charter's optimistic statements about its business operations and earnings growth lacked a reasonable basis, misleading investors during the class period [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as July 26, 2024, to July 24, 2025, during which shareholders who purchased Charter securities may be eligible for recovery [1][3]. - Shareholders are encouraged to register for the class action by the deadline of October 14, 2025, to participate in the case without any cost or obligation [3]. - Once registered, shareholders will receive updates on the case's progress through a portfolio monitoring software [3]. Group 3: Law Firm Background - The Gross Law Firm is recognized nationally for its commitment to protecting investors' rights against deceit and fraud in business practices [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].