NEW ORLEANS, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 9, 2018 to file lead
plaintiff applications in a securities class action lawsuit against Sinclair Broadcast Group, Inc. (NasdaqGS: SBGI), if they
purchased the Company’s shares between February 22, 2017 and July 19, 2018, inclusive (the “Class Period”). This action is pending
in the United States District Court for the District of Maryland.
What You May Do
If you purchased shares of Sinclair and would like to discuss your legal rights and how this case might affect
you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner
Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-sbgi/ to learn more. If you wish to serve as a lead plaintiff in this class
action, you must petition the Court by October 9, 2018.
About the Lawsuit
Sinclair and certain of its executives are charged with failing to disclose material information during the
Class Period, violating federal securities laws.
On July 19, 2018, the Federal Communications Commission released its Order pertaining to Sinclair’s proposed
merger with Tribune Media Company (which the Company called the “largest acquisition” in its history), ruling that there was “a
substantial and material question of fact as to whether Sinclair affirmatively misrepresented or omitted material facts” regarding
whether it had “attempted to skirt the Commission’s broadcast ownership rules” through “proposed divestitures [that] were in fact
‘sham’ transactions.”
On this news, the price of Sinclair’s shares plummeted.
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.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163
