Investigation Overview
An investigation on behalf of investors of Charter Communications, Inc. (NASDAQ: CHTR) shares over potential securities laws violations by Charter Communications, Inc. and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Charter Communications, Inc. (NASDAQ: CHTR) concerning whether a series of statements by Charter Communications, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Stamford, CT based Charter Communications, Inc., through its subsidiaries, provides cable services to residential and commercial customers in the United States. Charter Communications, Inc reported that its annual Total Revenue rose from $29 billion in 2016 to over $41.58 billion in 2017 and that its Net Income increased from over $3.52 billion in 2016 to over $9.89 billion in 2017.
Shares of Charter Communications, Inc. (NASDAQ: CHTR) closed on November 8, 2018 at $325.53 per share.,