NEW YORK, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have
commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead
plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links
provided. There is no cost or obligation to you.
Zion Oil & Gas, Inc. (NASDAQ: ZN)
Class Period: March 12, 2018 - July 10, 2018
Lead Plaintiff Deadline: October 9, 2018
Join the action: http://www.zlk.com/pslra-d/zion-oil-gas-inc?wire=3
About the lawsuit: Zion Oil & Gas, Inc. allegedly made materially false and/or misleading statements during the class period
and/or failed to disclose that: (1) Zion was either already or was likely to soon become the subject of a U.S. Securities and
Exchange Commission investigation; and (2) as a result, Zion’s public statements were materially false and misleading at all
relevant times.
On March 27, 2018, Zion issued a statement on Twitter, denying an allegation on the social media platform that there was an SEC
investigation of the Company underway. On May 30, 2018, the Company tweeted "There is no SEC investigation into Zion Oil & Gas,
Inc." Then on July 11, 2018, Zion announced it had received a subpoena from the SEC to produce documents as part of a fact-finding
inquiry. Following this news, shares of Zion fell 11% to close at $3.56 per share on July 12, 2018.
To learn more about the ZN class action contact jlevi@levikorsinsky.com.
Sinclair Broadcast Group, Inc. (NASDAQ: SBGI)
Class Period: February 22, 2017 - July 19, 2018
Lead Plaintiff Deadline: October 9, 2018
Join the action: http://www.zlk.com/pslra-d/sinclair-broadcast-group-inc?wire=3
About the lawsuit: Throughout the class period, Sinclair Broadcast Group, Inc. allegedly made materially false and/or misleading
statements and/or failed to disclose that: (i) the merger of Tribune Media Company (NYSE: TRCO) and Sinclair was not in compliance
with FCC rules and regulations; (ii) Sinclair was not using its best efforts to eliminate any impediment to regulatory approval;
(iii) Sinclair was engaging in non-arm’s length transactions with buyers connected to Sinclair’s controlling shareholders in order
to skirt FCC ownership rules; and (iv) that, as a result of the foregoing, Defendant’s public statements were materially false
and/or misleading and/or lacked a reasonable basis.
On May 8, 2017, Sinclair announced it had entered into an agreement to acquire 100% of the issued outstanding shares of Tribune.
On August 3, 2017, Sinclair filed a Form 8-K with the U.S. Securities and Exchange Commission disclosing that the U.S. Department
of Justice had requested additional information and documentary material pertaining to the agreement. Then on August 9, 2018,
Tribune said it had terminated the deal and was suing Sinclair for breach of contract following the FCC’s determination that
Sinclair failed to fully disclose material information about the merger.
To learn more about the SBGI class action contact jlevi@levikorsinsky.com.
You have until the lead plaintiff deadlines to request the court appoint as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys
have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of
dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
