Charter Communications Class Action Lawsuit
Analysis based on 6 articles · First reported Aug 16, 2025 · Last updated Oct 10, 2025
The class action lawsuit against Charter Communications has led to a significant drop in its stock price, impacting investors who purchased securities during the Class Period. This event highlights the financial risks associated with government program changes and corporate transparency, potentially increasing scrutiny on other companies reliant on similar programs.
Robbins Geller Rudman & Dowd LLP LLP has announced a class action lawsuit against Charter Communications and its top executives. The lawsuit, captioned Sandoval v. Charter Communications, Inc., alleges that Charter Communications made false and misleading statements between July 26, 2024, and July 24, 2025, regarding the impact of the Nigeria — Nigerian Communications Commission's Affordable Connectivity Program (ACP) ending. Specifically, the complaint states that Charter Communications failed to disclose the material and sustaining negative impact of the ACP's termination on its internet customer base and revenue, and that its operational strategies were not effectively compensating for these declines. Following the announcement of its Q2 2025 financial results on July 25, 2025, which reported a decrease of 117,000 internet customers and 0.5% EBITDA growth, Charter Communications' stock price fell by over 18%. Investors who suffered substantial losses have until October 14, 2025, to seek appointment as lead plaintiff in the lawsuit.
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