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Monday, March 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Class Action

A class of Tribune Media shareholders filed a lawsuit over the company’s failed effort to merge with Sinclair Broadcasting, claiming stock prices fell $6.44 per share when it was revealed that Tribune knew Sinclair was refusing to sell TV stations as part of the regulatory approval process.

CHICAGO – A class of Tribune Media shareholders filed a lawsuit over the company’s failed effort to merge with Sinclair Broadcasting, claiming stock prices fell $6.44 per share when it was revealed that Tribune knew Sinclair was refusing to sell TV stations as part of the regulatory approval process.

Categories / Business, Media, Securities

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