Corporate law and Sinclair Broadcasting:

Corporate law maven Stephen Bainbridge writes:

Sinclair Broadcasting Group Inc., which owns 60-odd TV stations in many major US media markets, has ordered its stations to preempt ordinary programming in order to air “Stolen Honor: Wounds That Never Heal,” a film about Senator John Kerry’s Vietnam record that many regard as being anti-Kerry.

Some have suggested that Sinclair shareholders sue Sinclair’s board of directors to prevent the airing of the program and/or to recover damages. Would such a suit succeed? The short answer: almost certainly not. The long answer follows. . . .

Go to his post, linked to above, for that long answer.