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Investor Firms Seek Lead Plaintiff in Charter Class Action Over ACP Disclosures by Oct. 14

Plaintiffs allege Charter misled investors about fallout from the federal ACP’s end, preceding an 18% stock drop after July results.

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Overview

  • A securities class action is pending in the Southern District of New York, captioned Sandoval v. Charter Communications, Inc., No. 1:25-cv-06747.
  • The complaint asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act on behalf of Charter investors.
  • The putative class covers July 26, 2024 through July 24, 2025 and includes purchasers of Charter shares as well as certain options traders.
  • Charter’s July 25, 2025 results reported a net loss of 117,000 Internet customers, including about 50,000 disconnects tied to the ACP’s lapse, and the stock fell roughly 18%.
  • Bleichmar Fonti & Auld, Kessler Topaz, and Robbins Geller have issued notices inviting investors to seek lead-plaintiff status by the October 14, 2025 deadline.