# Kahn Swick & Foti Opens Investigation Into Charter Communications Officers and Directors

> Kahn Swick & Foti has begun investigating Charter Communications' officers and directors over fiduciary duties.

- Published: 2026-11-11T19:06:17+00:00
- Section: Legal & Disputes
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-11/charter-communications-kahn-swick-foti-investigation
- Source: [Business Wire](https://www.businesswire.com/news/home/20261111300368/en/)

## Key takeaways

- Kahn Swick & Foti, led by former Louisiana Attorney General Charles C. Foti, Jr., has commenced an investigation into Charter Communications' officers and directors.
- Charter reported second-quarter 2025 EBITDA of $5.7 billion, implying 0.5% year-over-year growth, and a loss of 117,000 Internet customers.
- Charter and certain executives face an ongoing securities class action lawsuit over alleged failures to disclose material information.

Kahn Swick & Foti, LLC has commenced an investigation into the officers and directors of [Charter Communications, Inc.](https://akta.pro/company-profiles/00003rr/charter-communications-inc), the firm said in a [Business Wire](https://www.businesswire.com/news/home/20261111300368/en/) announcement on November 11, 2026. The investigation concerns whether Charter's officers or directors breached fiduciary duties to shareholders or otherwise violated state or federal laws.

## Inside the Kahn Swick & Foti Investigation

[Kahn Swick & Foti](https://akta.pro/company-profiles/0002uis/kahn-swick-foti) is a securities litigation boutique whose partners include Charles C. Foti, Jr., a former Attorney General of Louisiana. The firm said its inquiry centers on Charter's assurances to investors after the FCC's Affordable Connectivity Program ended in June 2024 when its federal funding ran out. Charter had participated in the program since December 2021, receiving federal subsidies to offer discounted internet service to low-income households.

According to the announcement, Charter repeatedly told investors it was executing a plan to limit customer losses and earnings declines tied to the program's end and that its post-ACP strategy supported continued EBITDA growth. On July 25, 2025, Charter reported second-quarter 2025 EBITDA of $5.7 billion, implying 0.5% year-over-year growth. Analysts and investors noted the growth stemmed from a $45 million one-time benefit to other revenue; excluding it, EBITDA would have missed consensus estimates by 2.4% and declined 0.3% year-over-year, the firm said. Charter also disclosed a loss of 117,000 Internet customers in the quarter, nearly double the 66,000 lost in the prior quarter and up from 99,000 in the second quarter of 2024.

Charter and certain executives were later sued in a securities class action lawsuit charging them with failing to disclose material information during the Class Period in violation of federal securities laws, according to the announcement. That case remains ongoing.

## Charter's Scale and Recent Financing

Charter operates the Spectrum brand, delivering Internet, Mobile, TV and Voice subscriptions to roughly 31.7 million customer relationships across 41 states, according to akta.pro [company records](https://akta.pro/company-data). The same records list 2025 annual revenue of $54.8 billion and homes and businesses passed of nearly 59 million across 41 states. Charter's funding history includes a $4.8 billion post-IPO debt round in August 2026, a $3 billion post-IPO debt round in January 2026 and a $2 billion post-IPO debt round in August 2025.

## Customer Losses and Leadership Changes Before the Inquiry

On November 6, 2026, Bloomberg reported that Charter lost 233,000 home internet customers and 77,000 cable TV subscribers on a pro forma basis, including its Cox merger, and launched a cost-saving plan to cut expenses and capitalize on data demand. Yahoo reported the same day that Charter posted a third-quarter loss of $2.4 billion, or $20.50 per share, with adjusted earnings of $21.70 per share and revenue of $14.92 billion. On October 19, 2026, FinancialContent Business Page reported that Levin Law, P.A. was investigating potential securities claims involving Charter following its August 2026 acquisition of Liberty Broadband.

## What Comes Next in the Charter Inquiry

Kahn Swick & Foti said shareholders with information relevant to its investigation, or long-term holders of Charter's shares, can contact the firm to discuss their legal rights. The securities class action against Charter and certain executives remains ongoing.

## Companies in this story

- [Charter Communications, Inc. company profile](https://akta.pro/company-profiles/00003rr/charter-communications-inc) · website: https://charter.net
- [Kahn Swick & Foti company profile](https://akta.pro/company-profiles/0002uis/kahn-swick-foti) · website: http://www.ksfcounsel.com

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