Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Southern District of New York on behalf of shareholders of Charter Communications, Inc who purchased shares between July 26, 2024 and July 24, 2025.
Charter and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 25, 2025, the Company announced its 2Q 2025 financial results, disclosing EBITDA of $5.7 billion, implying 0.5% growth year-over-year; however, analysts and investors noted that the so-called growth was due to a $45 million one-time benefit to “other revenue,” and that had this event been excluded, EBITDA would have missed consensus estimates by 2.4% and shown a second quarter decline of 0.3% year-over-year. The Company also disclosed that total Internet customers decreased by 117,000 for the second quarter of 2025, nearly double from the 66,000 reported in the prior quarter and that had also increased year-over-year when compared to a loss of 99,000 customers reported in the second quarter of 2024.
On this news, the price of Charter’s shares fell $70.25 per share, or 18.4%, to close at $309.75 per share on July 25, 2025.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until October 13, 2025 to request that the court appoint them lead plaintiff.