NEW YORK--(BUSINESS WIRE)--Sep 11, 2018--Entwistle & Cappucci LLP (“Entwistle & Cappucci”) today announced that it has filed a securities class action lawsuit on behalf of persons or entities who purchased common stock of Tribune Media Company (NYSE: TRCO) (“Tribune” or the “Company”) during the period from November 29, 2017 through July 16, 2018, inclusive (the “Class Period”), and who were damaged thereby (the “Class”). The case was filed in the United States District Court for the Northern District of Illinois, Case No. 1:18-cv-06175, against Tribune and certain of its senior executives (collectively, “Defendants”).

The class action asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The complaint alleges that, during the Class Period, the Defendants made materially false and misleading statements and omitted material adverse facts concerning the conduct of Sinclair Broadcast Group Inc. (“Sinclair”) during the process of seeking regulatory approval necessary to complete a proposed merger between Tribune and Sinclair (the “Merger”). Specifically, the complaint alleges that while the Defendants frequently discussed the regulatory steps necessary to complete the Merger in public statements and presentations, including Sinclair’s purported agreement to take certain actions to secure regulatory approval, the Defendants misstated or omitted the fact that: (i) Sinclair was refusing to divest itself of television stations in certain markets necessary in order to secure regulatory approval; and (ii) Sinclair was taking the position that it was not legally or contractually obligated to complete the identified divestitures to ensure regulatory approval. As a result of the Defendants’ false and misleading statements and omissions, Tribune common stock traded at artificially inflated prices during the Class Period and such inflation was removed when it was revealed that the Merger had not received regulatory approval by the applicable deadline and would not close. The complaint seeks an award of damages, and prejudgment interest, to plaintiff and other Class members.

If you wish to serve as a lead plaintiff in this matter, you must file a motion with the Court no later than November 13, 2018. Any member of the proposed Class may move the Court to serve as a lead plaintiff in this matter through counsel of their choice, or they may choose to do nothing and remain a member of the Class.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact: Andrew J. Entwistle, Esq. of Entwistle & Cappucci at (212) 894-7200 or via e-mail at aentwistle@entwistle-law.com; or Joshua K. Porter, Esq. of Entwistle & Cappucci at (212) 894-7200 or via e-mail at jporter@entwistle-law.com.

About Entwistle & Cappucci

Entwistle & Cappucci is a national law firm providing exceptional legal representation to clients globally in the most complex and challenging legal matters. Our practice encompasses all areas of litigation, including securities, antitrust, corporate transactions, general corporate and commercial, creditor’s rights and bankruptcy, corporate governance and fiduciary duty, government affairs, insurance, investigations and white collar defense. Our clients include public and private corporations, major hedge funds, public pension funds, governmental entities, leading institutional investors, domestic and foreign financial services companies, emerging business enterprises and individual entrepreneurs.

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CONTACT: Entwistle & Cappucci LLP

Andrew J. Entwistle, Esq. (aentwistle@entwistle-law.com)

Joshua K. Porter, Esq. (jporter@entwistle-law.com)

299 Park Avenue, 20th Floor

New York, New York 10171

Telephone: (212) 894-7200

Facsimile: (212) 894-7272

www.entwistle-law.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Entwistle & Cappucci LLP

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PUB: 09/11/2018 04:17 PM/DISC: 09/11/2018 04:17 PM

http://www.businesswire.com/news/home/20180911005823/en