Core Viewpoint - Charter Communications, Inc. is facing a securities fraud class action lawsuit due to significant declines in internet and video customers, which were not adequately disclosed to investors, leading to a substantial drop in stock price [1][4][3]. Financial Performance - In Q2 2025, Charter reported a decline of 117,000 internet customers, compared to a decline of about 100,000 in Q2 2024, after adjusting for the Affordable Connectivity Program (ACP) impact [2]. - The company also experienced a decrease of 80,000 total video customers during the same period [2]. Stock Market Reaction - Following the release of the disappointing financial results, Charter's stock price fell by $70.25, or 18.5%, closing at $309.75 per share on July 25, 2025, which negatively impacted investors [3]. Lawsuit Details - The class action lawsuit alleges that Charter's management made materially false and misleading statements regarding the company's business operations and prospects, failing to disclose the adverse effects of the ACP ending on customer retention and revenue [4]. - Specific allegations include the inability to manage the impact of the ACP end, failure to execute broader operational strategies to mitigate customer declines, and misleading statements about the company's operational success and growth trajectory [4].
Deadline Soon: Charter Communications, Inc. (CHTR) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit