Core Viewpoint - A class action lawsuit has been filed against Charter Communications, Inc. for allegedly making false or misleading statements regarding the impact of the Federal Communications Commission's Affordable Connectivity Program (ACP) ending, which affected the company's Internet customer base and revenue [7]. Allegation Details - The lawsuit claims that Charter failed to disclose the material impact of the ACP's end, which led to a decline in Internet customers and revenue. It also alleges that the company did not manage or adapt its operations effectively to mitigate these impacts [7]. - Specific allegations include that Charter's execution strategy was inadequate, leading to greater risks to business plans and earnings growth than reported [7]. Financial Impact - On July 25, 2025, Charter reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, reflecting a growth of only 0.5%. The company also reported a loss of 117,000 Internet customers, which included approximately 50,000 disconnects related to the ACP's end [7]. - Following the announcement of these results, Charter's stock price fell by more than 18% [7]. Next Steps - Investors who purchased Charter securities between July 26, 2024, and July 24, 2025, and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for potential legal action [4][8].
CHARTER DEADLINE ALERT: Bragar Eagel & Squire, P.C. Urges Charter Communications Investors to Contact the Firm Before the October 14th Deadline