Sinclair Hit With Shareholder Suit Over Failed Tribune Merger

Sinclair Broadcast Group Inc. faces a shareholder derivative suit alleging its directors and officers misled the federal government in pursuit of the company’s failed merger with Tribune Media.

Sinclair officers and directors engaged in self-dealing and then misrepresented facts to the Federal Communications Commission to cover it up, according to a Nov. 29 complaint. This cost the company its proposed merger with Tribune Media Co., the complaint said.

The merger, initiated in 2017, would have required Sinclair to sell off some of its local stations. The company filed a divestment plan with the FCC without disclosing the full extent ...