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Charter Faces Securities Class Action Over ACP Fallout as Investor Deadlines Near

Investor firms are urging shareholders to seek lead-plaintiff status before mid-October court deadlines.

Overview

  • The lawsuit, filed in the Southern District of New York, alleges Charter and certain executives misled investors about the impact of the Affordable Connectivity Program’s end and the company’s operational execution.
  • The putative class covers purchasers of Charter securities, including call buyers and put sellers, from July 26, 2024 through July 24, 2025.
  • Charter’s July 25, 2025 results disclosed a decline of 117,000 internet customers and 80,000 video customers, and the stock fell about 18.5% that day.
  • Lead-plaintiff motions are due October 13–14, 2025, with notices issued by Rosen Law, Faruqi & Faruqi, Kessler Topaz, Bernstein Liebhard, and Levi & Korsinsky.
  • The complaint alleges violations of the Securities Exchange Act of 1934, and no class has been certified with all claims remaining unproven.