Class Action Against Sinclair Over Failed Tribune Deal Dismissed

A securities class action against Sinclair Broadcast Group, Inc. brought by Atlanta city police and firefighter pension funds in connection with the company’s failure to complete a proposed $3.9 billion acquisition of Tribune Media was dismissed, according to a federal court ruling.

The U.S. District Court for the District of Maryland declined Monday to reconsider its dismissal of nearly all of the funds’ claims, reducing the proposed class period from 17 months to two weeks. Because the funds were unable to identify a suitable investor to prosecute the surviving claims, Judge Catherine C. Blake dismissed the suit altogether for lack ...