Charter Communications Sued for Potential Securities Law Violations.

Bleichmar Fonti & Auld LLP has filed a lawsuit against Charter Communications and senior executives for potential federal securities law violations. The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Charter securities. Investors have until October 14, 2025, to ask the Court to be appointed to lead the case.

Leading securities law firm Bleichmar Fonti & Auld LLP (BFA) has announced that a lawsuit has been filed against Charter Communications, Inc. (NASDAQ: CHTR) and certain of the Company’s senior executives for potential violations of the federal securities laws. The lawsuit, pending in the U.S. District Court for the Southern District of New York under the case caption Sandoval v. Charter Communications, Inc., No. 1:25-cv-06747, asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Charter securities [1].

Charter Communications, a leading broadband and cable operator, participated in the FCC’s Affordable Connectivity Program (ACP), which provided funding for subsidized high-speed internet plans for low-income households. However, the program ended in June 2024 due to lack of federal funding, leading to customer declines at Charter. During the relevant period, Charter communicated to investors that it had successfully managed the impact of the ACP’s elimination. However, the lawsuit alleges that the Company continued to experience internet customer and revenue declines from the program’s end [1].

On July 25, 2025, Charter announced its second quarter 2025 financial results, reporting a total internet customer decrease of 117,000, including approximately 50,000 disconnects related to the end of the ACP. This news led to a significant decline in Charter’s stock price, dropping $70.25 per share, or 18.4%, from $380.00 per share on July 24, 2025, to $309.75 per share on July 25, 2025 [1].

Investors who believe they may have been affected by these potential securities law violations are encouraged to submit their information to BFA. The firm offers representation on a contingency fee basis, with no cost to investors. The firm will seek court approval for any potential fees and expenses. Investors have until October 14, 2025, to ask the Court to be appointed to lead the case [1].

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. The firm has been recognized for its expertise and success in such cases, recovering over $900 million in value from Tesla, Inc. and $420 million from Teva Pharmaceutical Ind. Ltd. [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/31/3141904/0/en/charter-notice-bfa-law-notifies-charter-communications-inc-investors-of-the-pending-securities-fraud-class-action-contact-bfa-law-if-you-lost-money-nasdaq-chtr.html