February 5, 2020 - The case was voluntarily dismissed.

February 3, 2020 - A notice appealing the court's dismissal was filed.

January 7, 2020 - The court issued an order dismissing the case with prejudice.

March 29, 2019 - A motion to dismiss the amended complaint was filed.

January 31, 2019 - An amended complaint was filed.

September 10, 2018 - An investor in shares of Tribune Media Company (NYSE: TRCO) filed a lawsuit in the U.S. District Court for the Northern District of Illinois over alleged violations of Federal Securities Laws by Tribune Media Company in connection with certain allegedly false and misleading statements made between November 29,2017 and July 16, 2018.

Chicago, IL based Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. 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 .

According to the complaint the plaintiff alleges on behalf of purchasers of Tribune Media Company (NYSE: TRCO) common shares between November 29,2017 and July 16, 2018, that the defendants violated Federal Securities Laws. The plaintiff claims that between November 29,2017 and July 16, 2018, the Defendants made materially false and misleading statements and omitted material adverse facts concerning the conduct of Sinclair Broadcast Group Inc. ( Sinclair ) during the process of seeking regulatory approval necessary to complete a proposed merger between Tribune and Sinclair (the Merger ).

More specifically, the plaintiff alleges that while the Defendants frequently discussed the regulatory steps necessary to complete the Merger in public statements and presentations, including Sinclair's purported agreement to take certain actions to secure regulatory approval, the Defendants misstated or omitted the fact that Sinclair was refusing to divest itself of television stations in certain markets necessary in order to secure regulatory approval, and that Sinclair was taking the position that it was not legally or contractually obligated to complete the identified divestitures to ensure regulatory approval.

The plaintiff acclaims that as a result of the Defendants' allegedly false and misleading statements and omissions, Tribune common stock traded at artificially inflated prices between November 29,2017 and July 16, 2018 and such inflation was removed when it was revealed that the Merger had not received regulatory approval by the applicable deadline and would not close.