PR Newswire
NEW ORLEANS, Sept. 7, 2018
NEW ORLEANS, Sept. 7, 2018 /PRNewswire/ -- 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.
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