SINCLAIR BROADCAST SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadl...
September 14 2018 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until October 9, 2018 to file lead
plaintiff applications in a securities class action lawsuit against
Sinclair Broadcast Group, Inc. (NasdaqGS: SBGI), if they purchased
the Company’s shares between February 22, 2017 and July 19, 2018,
inclusive (the “Class Period”). This action is pending in the
United States District Court for the District of Maryland.
Get Help
Sinclair investors should visit us at
https://www.claimsfiler.com/cases/view-sinclair-broadcast-group-inc-securities-litigation
or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti,
LLC are available to discuss your legal options.
About the Lawsuit
Sinclair and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On July 19, 2018, the Federal Communications Commission released
its Order pertaining to Sinclair’s proposed merger with Tribune
Media Company (which the Company called the “largest acquisition”
in its history), ruling that there was “a substantial and material
question of fact as to whether Sinclair affirmatively
misrepresented or omitted material facts” regarding whether it had
“attempted to skirt the Commission’s broadcast ownership rules”
through “proposed divestitures [that] were in fact ‘sham’
transactions.”
On this news, the price of Sinclair’s shares plummeted.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. At
ClaimsFiler.com, investors can: (1) register for free to gain
access to information and settlement websites for various
securities class action cases so they can timely submit their own
claims; (2) upload their portfolio transactional data to be
notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick
& Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180914005582/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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