Market Overview

CHARTER INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Charter Communications, Inc. - CHTR

Share:

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces
that KSF has commenced an investigation into Charter Communications,
Inc. (NASDAQ:CHTR).

On February 1, 2017, the New York Attorney General filed suit against
Charter and its subsidiary Spectrum Management Holdings, LLC (formerly
Time Warner Cable, Inc., which was acquired by Charter in May 2016), for
fraudulently misleading consumers by promising internet service that
they knew they could not deliver. Charter's attempt to dismiss the suit
was denied and the case remains ongoing.

Then, on July 27, 2018, the New York State Public Service Commission
announced it had revoked approval of the Company's 2016 merger and its
permission to operate in the state because it failed to honor an
agreement that was part of the merger to build out internet access to
rural areas of New York, stating that Charter "had multiple
opportunities to correct these issues and either has not done so or has
been openly brazen in its efforts to avoid them." Further, the
commission is seeking $3 million in penalties and has given the Company
two months to find a replacement provider for its cable operations.

KSF's investigation is focusing on whether Charter's officers and/or
directors breached their fiduciary duties to Charter's shareholders or
otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or
have been a long-time holder of Charter shares, and would like to
discuss your legal rights, you may, without obligation or cost to you,
call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis
Kahn (lewis.kahn@ksfcounsel.com),
or visit https://www.ksfcounsel.com/cases/nasdaqgs-chtr/
to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

View Comments and Join the Discussion!