Charter Communications(US:CHTR) Globenewswireยท2025-10-06 22:52Core 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 Lawsuit Details - The lawsuit is on behalf of investors who purchased Charter securities, including call options and sellers of put options, between July 26, 2024, and July 24, 2025 [1]. - The lead plaintiff deadline is set for October 14, 2025 [1]. Allegations Against Defendants - The complaint alleges that Charter's management failed to disclose significant adverse facts about the company's business and operations, particularly regarding the cancellation of the Affordable Connectivity Program (ACP) [2]. - Specific allegations include: - The cancellation of the ACP was a material event that Charter could not manage effectively [2]. - The end of the ACP had a sustained negative impact on Internet customer declines and revenue [2]. - Charter's operational strategies were inadequate to compensate for the effects of the ACP ending [2]. - The decline in Internet customers and the failure of Charter's execution strategy posed greater risks to business plans and earnings growth than reported [2]. - Charter had no reasonable basis for claiming successful operational execution or optimistic long-term growth projections [2]. Lead Plaintiff Process - Investors may seek to be appointed as a lead plaintiff representative of the class by the deadline of October 14, 2025 [3]. - The lead plaintiff will represent all class members in directing the litigation and selecting counsel [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has recovered billions for victims of corporate misconduct [4].