Charter Communications(US:CHTR) Prnewswireยท2025-10-10 13:35Core 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]. Allegations of Misconduct - The lawsuit claims that Charter failed to disclose the significant negative impact of the cancellation of the Affordable Connectivity Program (ACP) on its Internet customer base and revenue [2]. - It is alleged that Charter's management did not effectively address the operational challenges posed by the end of the ACP, leading to greater risks to business plans and earnings growth than previously reported [2]. - The complaint asserts that Charter's positive statements about its operations and growth trajectory were misleading and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in Charter have until October 14, 2025, to seek appointment as a lead plaintiff representative in the class action [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].