The shareholder action is at least the third since Fox reached a $787.5 million deal with Dominion Voting Systems to settle a defamation lawsuit.
The shareholder action is at least the third since Fox settled a defamation lawsuit brought by Dominion Voting Systems in April for $787.5 million minutes before the trial was set to start. Defendants named in the lawsuit, which will stay under seal until at least Friday to allow for redactions, include media mogul Rupert Murdoch, Fox Corp. chief executive Lachlan Murdoch, former chief legal officer Viet Dinh and Fox News chief executive Suzanne Scott, among others.
Lawsuits from the voting technology companies followed. As evidence that Fox was not on solid legal footing when it continued broadcast claims that election was rigged, shareholders point to an order from the judge overseeing the case eviscerating Fox’s legal defense.
“Fox has now entered the pantheon of companies that have incurred massive cost from tort litigation,” the complaint states. Boards for media companies do not regularly oversee editorial policies. This case could potentially raise the standards to which they should be involved.
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