Overview

• The lawsuit is pending in the Southern District of New York as Sandoval v. Charter Communications, Inc., No. 1:25-cv-06747.
• Plaintiffs allege Charter misled investors about its ability to manage the end of the Affordable Connectivity Program and about operational execution and EBITDA growth prospects.
• Charter reported a Q2 2025 decline of 117,000 internet customers, including about 50,000 disconnects tied to the ACP’s end, and the stock fell roughly 18.4%–18.5% to $309.75 on July 25, 2025.
• The proposed class covers purchases from July 26, 2024 through July 24, 2025, and includes certain options traders.
• Multiple investor firms, including Faruqi & Faruqi, Bernstein Liebhard, Kessler Topaz, Rosen, Levi & Korsinsky, and Bleichmar Fonti & Auld, have issued notices, and no class has been certified.