Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Sinclair Broadcast Group, Inc. (SBGI) and Encourages Investors to Contact the Firm
NEW YORK, Aug. 09, 2018 (GLOBE NEWSWIRE) -- 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, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the Sinclair Broadcast Group, Inc. lawsuit, please go to https://bespc.com/sbgi/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com.