Charter Shares Dip 0.15% Amid Class-Action Lawsuit Over ACP Impact Disclosure Volume Ranks 210th

Charter Communications (CHTR) closed August 20, 2025, with a 0.15% decline, trading at a volume of $0.49 billion, ranking 210th in market activity. The stock's performance coincided with a pending class-action lawsuit alleging material misstatements during the company's 2024-2025 operations. Investors who acquired securities between July 26, 2024, and July 24, 2025, have until October 14 to seek lead plaintiff status in the Sandoval v. Charter case, which claims the company failed to disclose the sustained impact of the Affordable Connectivity Program (ACP) termination on customer attrition and revenue. The lawsuit highlights alleged operational shortcomings in mitigating ACP-related losses, including a 50,000-customer disconnect reported in Q2 2025 earnings.

The litigation centers on Charter's execution strategy amid regulatory shifts, with plaintiffs arguing management overstated EBITDA growth prospects despite declining subscriber numbers. A July 25 earnings update revealed 117,000 internet customer losses, triggering a 18% stock plunge according to the complaint. While the court process allows shareholders to participate in litigation, the case underscores regulatory and operational risks for broadband providers navigating post-subsidy market dynamics. Legal experts note the outcome could influence investor sentiment toward telecom firms with similar exposure to government-funded programs.

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