Shareholder Derivative Lawsuit Against Sinclair Dismissed
Shareholder Derivative Lawsuit Against Sinclair Dismissed
BALTIMORE, Feb. 24 /PRNewswire-FirstCall/ -- Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) is pleased to announce that the shareholder derivative suit brought against the Company prior to last year's Presidential election, relating to the Company's decision to air portions of the documentary "Stolen Honor," was voluntarily dismissed and the litigation has now ended. The dismissal was filed yesterday in the face of a motion by the Company, which noted that none of the claims made in the lawsuit were realized.
Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, will own and operate, program or provide sales services to 62 television stations in 39 markets, after pending transactions. Sinclair's television group includes FOX, WB, ABC, CBS, NBC, and UPN affiliates and reaches approximately 24% of all U.S. television households. For more information, please visit Sinclair's website at http://www.sbgi.net/.
Source: Sinclair Broadcast Group, Inc.
CONTACT: Barry Faber, VP/General Counsel, Sinclair Broadcast Group,
Inc., +1-410-568-1500
Web site: http://www.sbgi.net/
Company News On-Call: http://www.prnewswire.com/comp/110203.html
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