Sinclair sued by Diamond Sports Group for $1.5B over challenged transactions

Sinclair, Inc.

DSG filed bankruptcy court complaint against Sinclair subsidiaries, executive chairman, CEO, CFO, and others.
Alleges $1.5B in payments to Sinclair entities via unfair management services, naming rights deal, and insolvent distributions.
Claims include fraudulent transfers, unlawful distributions, breaches of fiduciary duties, seeking unspecified damages.
Sinclair says allegations are without merit and intends to vigorously defend.
Warns unfavorable outcome could materially and adversely affect financial results.

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