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Sinclair Broadcast Group, Inc. (SBGI)

Securities Class Action

Overview
  • Date:
  • 8/9/2018
  • Company Name:
  • Sinclair Broadcast Group, Inc.
  • Stock Symbol:
  • SBGI
  • Class Period:
  • FROM 2/22/2017 TO 7/19/2018
  • Status:
  • Closed/Complete
  • Court:
  • U.S. District Court: District of Maryland

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NEW YORK, August 9, 2018 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the District of Maryland on behalf of all persons or entities who purchased or otherwise acquired Sinclair Broadcast Group, Inc (NASDAQ: SBGI) securities between February 22, 2017 and July 19, 2018, (the “Class Period”).  Investors have until October 8, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

The Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and its proposed merger with Tribune Media Company (the “Sinclair/Tribune Merger”).  Specifically, Defendants allegedly made false and/or misleading statements and/or failed to disclose that: (1) the Sinclair/Tribune Merger was not in compliance with FCC rules and regulations; (2) Sinclair was not using its best efforts to eliminate any impediment to regulatory approval; (3) 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.

If you purchased Sinclair securities during the Class Period or continue to hold shares purchased before the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below.  There is no cost or obligation to you.

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