TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Charter Communications Inc (NASDAQ: CHTR) Investor Securities Class Action Lawsuit 06/01/2009

  • If you purchased shares of Charter Communications Inc (NASDAQ: CHTR), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
Charter Communications
Security
NASDAQ: CHTR

Case Name
Charter Communications Shareholder Class Action Lawsuit 06/01/2009
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Eastern District of Arkansas

Class Period Begin
Class Period End
Deadline To File for Lead
You must register or login to receive notifications.

Click here to subscribe to Charter Communications.
Summary

October 3, 2011 - The court granted the notice of dismissal and dismissed the case without prejudice.
September 15, 2011 - The lead plaintiffs filed a notice of dismissal.

August 21, 2009 - Lead plaintiffs and lead counsel were appointed and all cases were consolidated.

July 31, 2009 - Lead plaintiff motions were filed.

June 1, 2009 - An investor in shares of Charter Communications Inc (NASDAQ: CHTR) filed a lawsuit in the U.S. District Court for the Eastern District of Arkansas against Charter Communications over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between October 23, 2006 and February 12, 2009.

According to the complaint the plaintiff alleges that Charter Communications Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements regarding Charter Communications Inc’s ability to service its debt, its potential for mergers, and the value of its stock among other things. The defendants issued misleading statements about Charter Communications Inc’s potential for mergers. As a result of the defendants’ false and misleading statements, Charter Communications Inc’s securities traded at artificially inflated prices during October 23, 2006 and February 12, 2009, reaching a high of $ 4.800 on July 19, 2007, so the lawsuit.

Charter Communications Inc reported $6.002 billion in total revenue with a net change in cash of $15 million in 2007 and $6.479 billion in total revenue with a net change in cash of $885 million in 2008. Shares of Charter Communications Inc (NASDAQ: CHTR) traded as low as $0.0257 per share recently, down from a 52 week High of $1.67 per share.

Charter Communications Inc, located in St. Louis, MO, operates broadband communications businesses in the United States, with approximately 5.5 million customers during the year ended December 31, 2008.