NEW ORLEANS, Aug. 24, 2018 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds
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.
Get Help
Sinclair investors should visit us at https://www.claimsfiler.com/cases/view-sinclair-broadcast-group-inc-securities-litigation or
call to speak to our claim center toll-free at (844) 367-9658.
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 ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their
share of billions of dollars from securities class action settlements. ClaimsFiler's team of experts monitor the securities class
action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial
instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
