If you thought Tribune Media‘s now-imploded merger with Sinclair Broadcast Group was largely due to actions taken by Sinclair, you may want to look closely at what a private equity firm believes.
This entity, named the Arbitrage Event-Driven Fund, on Monday filed a class action complaint with an Illinois federal district court against Tribune. A jury trial is being demanded. The charge? Tribune executives cost investors millions of dollars for failing to disclose Sinclair’s ill-fated actions.