NEW YORK, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.
TAL Education Group (NYSE: TAL) Class Period: April 26, 2018 - June 13, 2018 Lead Plaintiff Deadline: August 17, 2018 Join the action: http://www.zlk.com/pslra-d/tal-education-group?wire=3
The lawsuit alleges: TAL Education Group made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) the Company overstated its net income; (2) the Company's net income was deteriorating; and (3) as a result of the foregoing, Defendants' statements about TAL's business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
To learn more about the TAL class action contact jlevi@levikorsinsky.com .
Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) Class Period: February 22, 2017 - July 19, 2018 Lead Plaintiff Deadline: October 9, 2018 Join the action: http://www.zlk.com/pslra-d/sinclair-broadcast...inc?wire=3
The lawsuit alleges: Sinclair Broadcast Group, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the merger of Tribune Media Company (NYSE: TRCO) and Sinclair 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 in order to skirt FCC ownership rules; and (iv) that, as a result of the foregoing, Defendant’s public statements were materially false and/or misleading and/or lacked a reasonable basis. On May 8, 2017, Sinclair announced it had entered into an agreement to acquire 100% of the issued outstanding shares of Tribune. 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. Then on August 9, 2018, Tribune said it had terminated the deal and was suing Sinclair for breach of contract following the FCC’s determination that Sinclair failed to fully disclose material information about the merger.
To learn more about the SBGI class action contact jlevi@levikorsinsky.com .
You have until the lead plaintiff deadlines to request the court appoint as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. 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. CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 jlevi@levikorsinsky.com Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
