Law firm Johnson Fistel, PLLP announced an investigation into Charter Communications for potential fiduciary duty breaches on July 8, 2026. The probe relates to a pending securities class action lawsuit representing long-term shareholders.
Allegations suggest Charter executives made misleading statements about the end of the federal Affordable Connectivity Program (ACP). The complaint claims the company downplayed how the program's termination affected internet customer numbers.
The company also allegedly failed to disclose the program's impact on revenue and earnings growth. Investors reportedly sustained losses when Charter eventually reported a weakened growth trajectory.