Investigation announced for Long-Term Investors in shares of Charter Communications, Inc. (NASDAQ: CHTR)

An investigation was announced for current long-term investors in shares of Charter Communications, Inc. (NASDAQ: CHTR) concerning potential breaches of fiduciary duties by certain directors of Charter Communications, Inc.

Investors who are current long term investors in Charter Communications, Inc. (NASDAQ: CHTR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: CHTR stocks follows a lawsuit filed against Charter Communications, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CHTR stocks, concerns whether certain Charter Communications, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that the impact of the Federal Communications Commission's Affordable Connectivity Program ("ACP") end was a material event Charter Communications was unable to manage or promptly move beyond, that the ACP end was actually having a sustaining impact on Internet customer declines and revenue, that neither was Charter Communications executing broader operations in a way that would compensate for, or overcome the impact, of the ACP ending, that the Internet customer declines and broader failure of Charter Communications' execution strategy created much greater risks on business plans and earnings growth than reported, and that accordingly, Charter Communications had no reasonable basis to state it was successfully executing operations, managing causes of Internet customer declines, or providing overly optimistic statements about the long term trajectory of Charter Communications and EBITDA growth.

Those who purchased shares of Charter Communications, Inc. (NASDAQ: CHTR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.