Charter Communications, Inc. (NasdaqGS: CHTR)

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Charter Communications, Inc. (NasdaqGS: CHTR).

In December 2021, Charter began participating in the FCC’s Affordable Connectivity Program (“ACP”), receiving federal subsidies to offer low-income households discounted internet service. In June 2024, the ACP ended after its federal funding ran out. Charter then repeatedly assured investors that it was executing a plan to minimize the risk of customer losses and earnings declines tied to the ACP’s end, and that its post-ACP customer strategy was part of a broader plan to keep growing earnings, particularly EBITDA. On July 25, 2025, however, the Company reported second-quarter 2025 EBITDA of $5.7 billion, implying 0.5% year-over-year growth. Analysts and investors noted that this growth stemmed from a $45 million one-time benefit to “other revenue”; excluding it, EBITDA would have missed consensus estimates by 2.4% and declined 0.3% year-over-year. The Company also disclosed a loss of 117,000 Internet customers in the quarter, nearly double the 66,000 lost in the prior quarter and up from 99,000 lost in the second quarter of 2024.

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period in violation of federal securities laws, which remains ongoing.

KSF’s investigation is focusing on whether Charter’s officers and/or directors of breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Charter’s shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at (833) 938-0905 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or fill out the form on this page.