LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Sinclair Broadcast Group, Inc. (“Sinclair” or “the Company”) (NASDAQ: SBGI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between February 22, 2017, and July 19, 2018, inclusive (the “Class Period”), are encouraged to contact the firm before October 9, 2018.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. The merger between Sinclair and Tribune did not comply with FCC regulations. At the same time, Sinclair was not making its best effort to remove items standing in the way of FCC approval. The Company was engaging in transactions at less than arm’s length with buyers connected to controlling shareholders in order to bypass FCC ownership rules. Based on these facts, the Company’s public statements on the business and operations were false and materially misleading throughout the class period. When the market learned the truth about Sinclair, investors suffered damages.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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