Upcoming Class Action Lawsuit Against Charter Communications: Important Investor Alert
Investor Alert: Class Action Lawsuit Filed Against Charter Communications
Pomerantz LLP has recently announced the filing of a class action lawsuit against Charter Communications, Inc. This legal action seeks to address potential securities fraud and unlawful business practices by Charter and its executives. If you have experienced losses in your investment with Charter, it is essential to understand your rights and the steps you can take to join the lawsuit.
The class action lawsuit comes in the wake of a disappointing earnings report from Charter released on July 25, 2025, detailing its second quarter performance. While the company reported an "expected" EBITDA of $5.7 billion, actual growth appeared to be misleading. Analysts quickly realized that this figure was bolstered by a nonrecurring $45 million increase from "other revenue," which skewed the results. If this one-time benefit is excluded, Charter's EBITDA would have missed the consensus estimates by 2.4%, signaling a decline of 0.3% year-over-year for the quarter.
Decline in Internet Customers
Further compounding the issue, Charter disclosed that it lost approximately 117,000 Internet subscribers in Q2 2025 – nearly double the 66,000 loss documented in the previous quarter. This marked a troubling trend as the company had also reported a year-over-year increase in losses, with a loss of 99,000 customers noted for the same period in 2024. The announcement had immediate repercussions on the stock market, causing Charter's share price to plummet by $70.25, or 18.4%, closing at $309.75 on the day of the report.
Important Dates for Interested Investors
As a result, Pomerantz LLP is advising affected investors to get in touch before the approaching deadline on October 13, 2025, to request appointment as Lead Plaintiff for the class. Those interested should reach out to Danielle Peyton at [email protected] or call 646-581-9980. When contacting via email, it’s crucial to include your mailing address, phone number, and details about your shares purchased.
The Legacy of Pomerantz LLP
Founded by the late Abraham L. Pomerantz, widely regarded as a leading figure in class action law, Pomerantz LLP has established itself as a powerhouse with over 85 years of experience. The firm is well-respected for its work in corporate, securities, and antitrust class litigation, having successfully recovered significant damages for class members in the past. As a potential class member, your participation could contribute to holding Charter accountable for its actions. You can find further information about this particular case and how to join the class action at www.pomerantzlaw.com.
Conclusion
If you are an investor who has suffered losses in Charter Communications during the outlined class period, this is an opportunity to take legal action. Remember, the deadline to join the class action by seeking Lead Plaintiff status is fast approaching, and proactive steps can help ensure that your interests are effectively represented in this lawsuit. Don’t hesitate to connect with Pomerantz LLP for guidance and support through this process.