Current Events > Lawsuits against FOX News parent company "piling up"

Topic List	Page List: 1
brestugo 09/19/23 8:06:24 AM #1:	https://www.newsweek.com/fox-lawsuits-piling-rupert-murdoch-desk-1827626 New York City's pension funds and the state of Oregon sued Fox Corporation this weekthe latest legal headache faced by Rupert Murdoch's company over the alleged broadcasting of lies about the 2020 election. The lawsuit, filed in Delaware, *accuses the Fox News' parent company of harming shareholders by opening itself up to defamation lawsuits,* including one Fox News agreed to settle with the voting machine company Dominion Voting Systems for nearly *$800 million. New York City's pension funds are long-term shareholders of Fox Corporation, with shares valued at $27.7 million* as of the end of August. *Oregon, which joined the lawsuit, holds shares in the company worth approximately $5.2 million.* Oregon Attorney General Ellen Rosenblum said the company breached its fiduciary duties by disregarding legal risks. *"The board of Fox Corporation took a massive risk in pursuing profits by perpetuating and peddling known falsehoods,"* Rosenblum said in a statement. "The directors' choices exposed themselves and the company to liability and exposed their shareholders to significant risks. That is the crux of our lawsuit, and we look forward to making our case in court." Newsweek has contacted Fox Corporation for comment via email. The lawsuit against Fox News and its parent company by Dominion was one of the first defamation claims filed after former president Donald Trump and his allies spent weeks falsely claiming the 2020 election was stolen. Dominion agreed the news outlet damaged its reputation by airing false claims that its equipment switched votes from Trump to his Democratic rival, President Joe Biden. Shortly after a Delaware jury was empaneled to hear the case in April, Fox and Dominion agreed to settle the lawsuit for $787.5 millionmore than half the profits that Fox reported last year. When the settlement was announced, Lachlan Murdoch, chair and CEO of Fox Corporation, said it avoided "the acrimony of a divisive trial and a multiyear appeal process, a decision clearly in the best interests of the company and its shareholders." *But the company's legal troubles didn't end there.* *It is facing a similar defamation claim from the voting company Smartmatic. That lawsuit, filed in February 2021, is seeking $2.7 billion in damages* from the company as well as from some Fox anchors *Other Fox Corporation shareholders have also filed lawsuits.* [story continues] --- Putin delenda est <cite>brestugo posted [p:976167665] in Lawsuits a... [t:80570729]...</cite> <quote>https://www.newsweek.com/fox-lawsuits-piling-rupert-murdoch-desk-1827626<quote>New York City's pension funds and the state of Oregon sued Fox Corporation this weekthe latest legal headache faced by Rupert Murdoch's company over the alleged broadcasting of lies about the 2020 election.The lawsuit, filed in Delaware, accuses the Fox News' parent company of harming shareholders by opening itself up to defamation lawsuits, including one Fox News agreed to settle with the voting machine company Dominion Voting Systems for nearly $800 million.New York City's pension funds are long-term shareholders of Fox Corporation, with shares valued at $27.7 million as of the end of August. Oregon, which joined the lawsuit, holds shares in the company worth approximately $5.2 million.Oregon Attorney General Ellen Rosenblum said the company breached its fiduciary duties by disregarding legal risks. "The board of Fox Corporation took a massive risk in pursuing profits by perpetuating and peddling known falsehoods," Rosenblum said in a statement. "The directors' choices exposed themselves and the company to liability and exposed their shareholders to significant risks. That is the crux of our lawsuit, and we look forward to making our case in court."Newsweek has contacted Fox Corporation for comment via email.The lawsuit against Fox News and its parent company by Dominion was one of the first defamation claims filed after former president Donald Trump and his allies spent weeks falsely claiming the 2020 election was stolen.Dominion agreed the news outlet damaged its reputation by airing false claims that its equipment switched votes from Trump to his Democratic rival, President Joe Biden.Shortly after a Delaware jury was empaneled to hear the case in April, Fox and Dominion agreed to settle the lawsuit for $787.5 millionmore than half the profits that Fox reported last year.When the settlement was announced, Lachlan Murdoch, chair and CEO of Fox Corporation, said it avoided "the acrimony of a divisive trial and a multiyear appeal process, a decision clearly in the best interests of the company and its shareholders."But the company's legal troubles didn't end there.It is facing a similar defamation claim from the voting company Smartmatic. That lawsuit, filed in February 2021, is seeking $2.7 billion in damages from the company as well as from some Fox anchorsOther Fox Corporation shareholders have also filed lawsuits.</quote>[story continues] </quote> ... Copied to Clipboard!
brestugo 09/19/23 8:07:10 AM #2:	Called it. --- Putin delenda est <cite>brestugo posted [p:976167675] in Lawsuits a... [t:80570729]...</cite> <quote>Called it. </quote> ... Copied to Clipboard!
#3	Post #3 was unavailable or deleted.
UnfairRepresent 09/19/23 8:11:38 AM #4:	Good I hope it closes down --- ^ Hey now that's completely unfair! http://i.imgur.com/yPw05Ob.png <cite>UnfairRepresent posted [p:976167715] in Lawsuits a... [t:80570729]...</cite> <quote>GoodI hope it closes down </quote> ... Copied to Clipboard!
Dark_Arbron 09/19/23 8:14:48 AM #5:	Couldnt be happening to nicer international media conglomerate. --- "The US is not a single country. It is ~20 developed countries being held hostage by ~25 developing countries and ~5 failed states." -Calintares <cite>Dark_Arbron posted [p:976167750] in Lawsuits a... [t:80570729]...</cite> <quote>Couldnt be happening to nicer international media conglomerate. </quote> ... Copied to Clipboard!
brestugo 09/19/23 8:17:35 AM #6:	I wonder if any heads roll with this one. Dobbs settled privately. Maybe Ingraham or Pirro? --- Putin delenda est <cite>brestugo posted [p:976167784] in Lawsuits a... [t:80570729]...</cite> <quote>I wonder if any heads roll with this one. Dobbs settled privately. Maybe Ingraham or Pirro? </quote> ... Copied to Clipboard!
Jagr_68 09/19/23 8:20:10 AM #7:	https://gamefaqs.gamespot.com/a/user_image/8/8/8/AAUQbgAAExow.jpg --- New York Rangers [2004-2008] https://media.giphy.com/media/WvQHBYW0q4TuxdAg61/giphy.gif https://psnprofiles.com/Jaromiroquai68 <cite>Jagr_68 posted [p:976167805] in Lawsuits a... [t:80570729]...</cite> <quote>https://gamefaqs.gamespot.com/a/user_image/8/8/8/AAUQbgAAExow.jpg </quote> ... Copied to Clipboard!
McMarbles 09/19/23 8:21:29 AM #8:	Who would have thought there would be consequences to lying for decades? --- Currently playing: Stardew Valley (Switch) Never befriend a man in sandals and always measure twice, cut once. <cite>McMarbles posted [p:976167819] in Lawsuits a... [t:80570729]...</cite> <quote>Who would have thought there would be consequences to lying for decades? </quote> ... Copied to Clipboard!
Dark_Arbron 09/19/23 8:23:17 AM #9:	McMarbles posted... Who would have thought there would be consequences to lying for decades? Until recently there haven't been any so I don't blame them for being so complacent. --- "The US is not a single country. It is ~20 developed countries being held hostage by ~25 developing countries and ~5 failed states." -Calintares <cite>Dark_Arbron posted [p:976167843] in Lawsuits a... [t:80570729]...</cite> <quote>McMarbles posted... </cite><quote>Who would have thought there would be consequences to lying for decades?</quote>Until recently there haven't been any so I don't blame them for being so complacent. </quote> ... Copied to Clipboard!
brestugo 09/19/23 12:06:29 PM #10:	Dark_Arbron posted... Until recently there haven't been any so I don't blame them for being so complacent. There aren't many historical cases because until Murdoch, no one had the audacity or shamelessness. No new laws were passed to get these bastards. --- Putin delenda est <cite>brestugo posted [p:976171466] in Lawsuits a... [t:80570729]...</cite> <quote>Dark_Arbron posted... </cite><quote>Until recently there haven't been any so I don't blame them for being so complacent.</quote>There aren't many historical cases because until Murdoch, no one had the audacity or shamelessness. No new laws were passed to get these bastards. </quote> ... Copied to Clipboard!
Topic List	Page List: 1

Current Events > Lawsuits against FOX News parent company "piling up" (+) Yeah! (+)

Current Events > Lawsuits against FOX News parent company "piling up"