Internet and video services

Search documents
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Charter Communications
Prnewswireยท 2025-08-21 15:55
Core Viewpoint - The complaint against Charter Communications alleges violations of federal securities laws due to misleading statements regarding the impact of the Affordable Connectivity Program (ACP) ending, which affected customer declines and revenue growth [2]. Financial Performance - Charter reported a decline of 117,000 internet customers in Q2 2025, compared to a decline of about 100,000 in Q2 2024, after adjusting for the ACP's prior year's impact. Additionally, total video customers decreased by 80,000 [3]. - Following the release of these financial results, Charter's stock price dropped by $70.25 per share, or 18.5%, closing at $309.75 on July 25, 2025 [3]. Legal Proceedings - A lead plaintiff has been appointed to oversee the litigation on behalf of the class, representing those with the largest financial interest in the case [4]. - The law firm Faruqi & Faruqi encourages individuals with information regarding Charter's conduct to come forward, including whistleblowers and former employees [5].