Charter Communications(US:CHTR) Globenewswireยท2025-10-14 12:57Core 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 Allegations of Misconduct - The lawsuit claims that Charter's management failed to disclose significant adverse facts about the company's operations, including the negative impact of the Affordable Connectivity Program (ACP) cancellation on internet customer declines and revenue [2]. - It is alleged that Charter did not effectively manage the consequences of the ACP ending, leading to greater risks to its business plans and earnings growth than previously reported [2]. - The complaint asserts that Charter's positive statements regarding its operational success and EBITDA growth lacked a reasonable basis and were materially misleading [2]. Lead Plaintiff Process - Investors in Charter have until October 14, 2025, to apply to be appointed as lead plaintiff, representing the class in the litigation [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and is responsible for directing the litigation [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].