Class Action Lawsuit Filed Against Charter Communications, Inc.

Strategic Insights -

A class action securities lawsuit has been filed against Charter Communications, Inc. (NASDAQ: CHTR) alleging securities fraud. The lawsuit seeks to recover losses on behalf of investors who purchased or acquired Charter securities between July 26, 2024, and July 24, 2025. The complaint alleges that defendants made false statements and/or concealed the impact of the Affordable Connectivity Program (ACP) end on the company's operations, resulting in Internet customer declines and revenue losses.

Key Takeaways:

  • The lawsuit alleges that Charter Communications, Inc. made false statements and/or concealed the impact of the Affordable Connectivity Program (ACP) end on the company's operations.
  • The ACP end was a material event that the company was unable to manage or promptly move beyond, resulting in Internet customer declines and revenue losses.
  • The lawsuit seeks to recover losses on behalf of all persons and entities who purchased or otherwise acquired Charter securities, purchased call options on Charter common stock, or sold put options on Charter common stock between July 26, 2024, and July 24, 2025.
  • The lead plaintiff must be appointed by the Court by October 14, 2025, and investors who are class members may be entitled to compensation without payment of any out-of-pocket costs or fees.
  • Levi & Korsinsky, LLP is representing the investors in the lawsuit and has a track record of securing hundreds of millions of dollars for aggrieved shareholders.

Statistics:

  • The lawsuit covers a period of approximately 12 months, from July 26, 2024, to July 24, 2025.
  • The complaint alleges that the company's Internet customer declines and revenue losses were due to the ACP end, which was a material event that the company was unable to manage or promptly move beyond.
  • The lead plaintiff must be appointed by the Court by October 14, 2025.

Sources:

  • GLOBE NEWSWIRE, "Levi & Korsinsky, LLP Notifies Investors of Class Action Lawsuit Against Charter Communications, Inc."