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Sinclair Accused of Draining $1.5 Billion From Local Sports Unit

(Bloomberg) Sinclair Broadcast Group Inc. is accused of wrongly siphoning more than $1.5 billion from a subsidiary operating a network of local sports channels that filed bankruptcy earlier this year, according to a lawsuit made public Wednesday.Most Read from BloombergFed Saw ‘Significant’ Inflation Risk That May Merit More HikesGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersStocks, Bonds Fall as Rate Hikes Left on the Table: Markets WrapHigh-Potency Pot Market Worth Billions ....

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