Charter Communications Rises on 173rd Rank as Lawsuit Over ACP Impact Unfolds
, 2025, , ranking 173rd in market activity. The stock’s performance coincided with the filing of a class-action lawsuit alleging securities fraud. The lawsuit, filed by , LLP, targets CharterCHTR-- for allegedly misleading investors regarding the impact of the (ACP) ending on its business operations. The complaint claims the company concealed the sustained negative effects of the ACP’s termination on customer attrition and revenue, while overstating its ability to mitigate these challenges through operational strategies.
, 2024, , 2025, covering investors who purchased shares, call options, or sold put options during this period. Plaintiffs argue that Charter’s failure to accurately disclose the ACP’s long-term consequences created material risks to its earnings growth and business plans. The firm faces allegations of lacking a reasonable basis for its optimistic statements about operational execution and projections, which allegedly misled investors. The lawsuit seeks to recover losses for affected shareholders, , 2025.
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