Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Investor Investigation Over Potential Breaches Of Fiduciary Duties Announced

If you are a are current long-term stockholder of shares of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), you have certain options and you should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Sinclair Broadcast
Affected Securities: 

May 13, 2013 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of Sinclair Broadcast Group was announced concerning whether certain Sinclair Broadcast Group, Inc. (NASDAQ:SBGI officers and directors possibly breached their fiduciary duties in connection with certain statements.

The investigation by a law firm concerns whether certain Sinclair Broadcast Group officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by, among other things, failing to implement adequate internal controls.

Sinclair Broadcast Group, Inc. reported that its annual Total Revenue rose from $656.99 million in 2009 to over $1.06 billion in 2012 and that its Net Loss of $135.69 million in 2009 turned into a Net Income of $144.67 million in 2012.

Shares of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) grew from $1.00 per share in March 2009 to $28.15 on May 9, 2013.