NEW ORLEANS–(BUSINESS WIRE)–$SBGI #SBGI–ClaimsFiler, a FREE shareholder information service, reminds investors
that they have only until October 9, 2018 to file lead plaintiff
applications in a securities class action lawsuit against Sinclair
Broadcast Group, Inc. (NasdaqGS: SBGI). Investor losses must relate to
purchases of the Company’s shares between February 22, 2017 and July 19,
2018. This action is pending in the United States District Court for the
District of Maryland.
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
On July 19, 2018, the FCC released its Order pertaining to Sinclair’s
proposed merger with Tribune Media Company (which the Company called the
“largest acquisition” in its history), finding “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.
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.
Jerry Gallo, 844-367-9658