An investigation for investors in Tribune Media Company (NYSE: TRCO) shares over potential securities laws violations by Tribune Media Company was announced.
San Diego, CA -- (SBWIRE) -- 08/14/2018 -- An investigation was announced over potential securities laws violations by Tribune Media Company and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Tribune Media Company (NYSE: TRCO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by Tribune Media Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 26, 2018, post-market, it was reported that the U.S. Department of Justice ("DOJ") is investigating whether Tribune Media Company, Sinclair Broadcast Group, Inc., and other independent television station owners had violated antitrust law by "coordinat[ing] efforts when their ad sales teams communicated with each other about their performance, potentially leading to higher rates for TV commercials".
Shares of Tribune Media Company (NYSE: TRCO) declined on July 27, 2018 to $32.68 per share.
On August 13, 2018, NYSE: TRCO shares closed at $34.62 per share.
Those who purchased shares of Tribune Media Company (NYSE: TRCO) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com