Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tribune Media Company - TRCO

QRTEA, PGEN, OPK, GDS, ORCL, NVRO, SKX

Canada NewsWire

NEW YORK, Sept. 14, 2018 /CNW/ -- Pomerantz LLP is investigating claims on behalf of investors of Tribune Media Company ("Tribune" or the "Company") (NYSE: TRCO).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Tribune and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here to join a class action]

In May 2017, Tribune and Sinclair Broadcasting Group, Inc. ("Sinclair") announced a prospective merger of the two companies (the "Merger").    On July 16, 2018, Federal Communications Commission ("FCC") Chairman Ajit Pai issued a statement expressing "serious concerns" about the Merger.  In particular, Chairman Pai stated that "certain station divestitures that have been proposed to the FCC would allow Sinclair to control those stations in practice, even if not in name, in violation of the law."  Chairman Pai's statement signaled that Sinclair was not agreeing to the regulatory requirements necessary to complete the Merger, although Tribune had discussed these station divestitures repeatedly in its public filings since the May 2017 announcement of the Merger. 

On this news, Tribune's stock price fell $6.44, or 16.7%, to close at $32.12 on July 16, 2018.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 9980

 

Cision View original content:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-tribune-media-company---trco-300713175.html

SOURCE Pomerantz LLP

View original content: http://www.newswire.ca/en/releases/archive/September2018/14/c7576.html



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today