Sinclair Broadcast Group, Inc.
(NASDAQ GS: SBGI)
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Sinclair Broadcast Group, Inc. ("Sinclair") on behalf of stockholders. A class action complaint has been filed against Sinclair. The complaint alleges that defendants made false and/or misleading statements, and failed to disclose material adverse facts about Sinclair's business, operations, and its proposed merger with Tribune Media Company (the "Merger"). Specifically, defendants allegedly made false and/or misleading statements and/or failed to disclose that: (i) the Merger was not in compliance with FCC rules and regulations; (ii) Sinclair was not using its best efforts to eliminate any impediment to regulatory approval; (iii) Sinclair was engaging in non-arm's length transactions with buyers connected to Sinclair's controlling shareholders to skirt FCC ownership rules; and (iv) as a result, defendant's public statements were materially false and/or misleading and/or lacked a reasonable basis.