Glancy Prongay & Murray LLP Announces Investigation on Behalf of Tribune Media Company (TRCO)
Jul. 31, 2018
LOS ANGELES--(BUSINESS WIRE)--Jul 30, 2018--National Shareholder Rights Law Firm Glancy Prongay & Murray LLP (“GPM”) announces that it has commenced an investigation on behalf of Tribune Media Company (“Tribune” or “the Company”) (NYSE: TRCO ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On July 26, 2018, after the market closed, the Wall Street Journal reported that the U.S. Department of Justice is investigating whether Tribune, Sinclair Broadcast Group, Inc., and other independent television station owners had violated antitrust law by “coordinat[ing] efforts when their ad sales teams communicated with each other about their performance, potentially leading to higher rates for TV commercials[.]” On this news, Tribune’s stock price fell over 1.65% to close at $33.07 per share on July 27, 2018.
If you purchased Tribune securities, have information or 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20180730005824/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
Copyright Business Wire 2018.
PUB: 07/30/2018 09:07 PM/DISC: 07/30/2018 09:07 PM