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INVESTIGATION UPDATE for SBGI and CBS: Levi & Korsinsky, LLP Reminds Investors of Investigations on Behalf of Shareholders


NEW YORK, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)
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On May 8, 2017, Sinclair announced it had entered into an agreement to acquire 100% of the issued and outstanding shares of Tribune Media Company (NYSE:TRCO). On August 3, 2017, Sinclair filed a Form 8-K with the U.S. Securities and Exchange Commission disclosing that the U.S. Department of Justice had requested additional information and documentary material pertaining to the agreement. The investigation concerns whether Sinclair made materially false and misleading statements or failed to disclose material information pertaining to the purchase of Tribune shares.

CBS Corporation (NYSE:CBS)
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On July 27, 2018, The New Yorker published an article alleging that CBS CEO Les Moonves had engaged in a pattern of harassment, intimidation, and abuse of women with whom he worked in a professional capacity, and that Moonves encouraged a hostile work environment. On July 30, 2018, CBS announced it would select outside counsel to investigate the allegations and would postpone its annual shareholder meeting.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171 

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