(MENAFN- GlobeNewsWire - Nasdaq) MIAMI, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Shamis & Gentile, P.A, (“Shamis & Gentile”) issues this corrected notice to clarify the deadline to seek appointment as Lead Plaintiff in the securities class action lawsuit Shamis & Gentile filed against Charter Communications, Inc. (“Charter” or the“Company”) (Nasdaq:CHTR) and certain of its officers and/or directors (collectively,“Defendants”). The original notice issued on August 15, 2025 inadvertently stated that the deadline to seek appointment as Lead Plaintiff is October 13, 2025. The correct deadline to seek appointment as Lead Plaintiff is October 14, 2025 .

The class action, captioned Sandoval v. Communications, Inc. et al., Case No. 1:25-cv-06747, filed in the United States District Court, Southern District of New York, is on behalf of all persons who purchased or otherwise acquired Charter common stock, purchased call options on Charter common stock, or sold put options on Charter common stock, between July 26, 2024 and July 24, 2025, inclusive (the“Class Period”), and were damaged thereby (the“Class”). The class action is brought under Sections 10(b) and 20(a) of the Securities Exchange Act, 15 U.S.C. Sections 78j(b) and 78t(a); and SEC Rule 10b-5 promulgated thereunder by the SEC, 17 C.F.R. Section 240.10b-5.

If you are an investor who purchased or otherwise acquired Charter common stock, and/or traded the relevant Charter options, during the Class Period, you have until October 14, 2025 to ask the Court to appoint you as Lead Plaintiff for the Class. For more information go to:

Charter Securities Fraud Class Action

Impacted investors may also contact attorney David Abel at ... or (305) 479-2299. There is no cost or obligation to you.

Charter is a leading broadband connectivity company and cable operator. The Company operates in 41 states with services available to more than 57 million homes and businesses.

The class action complaint alleges Defendants failed to disclose material adverse facts about the Company's business, operations, and outlook. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the impact of the Federal Communications Commission's (“FCC”) Affordable Connectivity Program ("ACP") end was a material event the Company was unable to manage or promptly move beyond; (ii) the ACP end was having a sustaining impact on Internet customer declines and revenue; (iii) neither was the Company executing broader operations in a way that would compensate for, or overcome the impact, of the ACP ending; (iv) the Internet customer declines and broader failure of Charter's execution strategy created much greater risks on business plans and earnings growth than reported; (v) accordingly, the Company had no reasonable basis to state the Company was successfully executing operations, managing causes of Internet customer declines, or provide overly optimistic statements about the long term trajectory of the Company and EBITDA growth; and (vi) as a result of the foregoing, Defendants materially misled with, and/or lacked a reasonable basis for, their positive statements about the Company's business, operations, outlook during the Class Period.

On July 25, 2025, Charter issued a press release announcing second quarter 2025 financial results. The Company reported EBITDA of $5.7 billion, which suggested 0.5% growth year-over-year. However, analysts and investors quickly realized that the so-called growth was on account of a $45 million one-time benefit to“other revenue.” 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.

At the same time, Charter reported total Internet customers decreased by 117,000 for the second quarter of 2025. The decline of Internet customers was nearly double from the 66,000 reported in the prior quarter. Internet customer declines had also increased year-over-year when compared to a loss of 99,000 customers reported in the second quarter of 2024.

These events caused Charter's stock price to fall $70.25 per share, or 18.4%, to close at $309.75 per share on July 25, 2025.

If you suffered a loss in Charter stock or the relevant options, you have until October 14, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as a lead plaintiff.

About Shamis & Gentile P.A.

Shamis & Gentile, P.A. stands out as an advocate for investors who are victims of securities fraud. The firm is committed to securing recoveries for investors who have incurred damages due to false and misleading statements or other corporate misconduct by public companies. Shamis Gentile has recovered over $1 billon for consumers nationwide. Its extensive experience, expertise, and resources enable the firm to resolve disputes in a wide range of matters, including class actions, mass torts, and mass arbitrations.

Contact

David Abel
Shamis & Gentile, P.A.
14 NE 1st Ave, Ste 705
Miami, FL 33132
...
Tel: (305) 479-2299

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