With the Dominion Voting Systems lawsuit resolved and put behind them, the Fox Corporation has a new legal battle in their crosshairs.
Pension funds in Oregon and in New York City are suing Fox News. The suit claims the Fox neglected its fiduciary duties to shareholders by continuing to push “conspiracy thoeries that made Fox the target of several defamation lawsuits.”
Oregon’s DOJ cited segments about U.S. Dominion, Inc. and Smartmatic USA Corp. rigging the 2020 election and the murder of DNC staffer Seth Rich as examples of putting shareholders’ money at risk.
“We aim to hold Fox’s board of directors, including Rupert and Lachlan Murdoch, accountable for their decisions,” Oregon State Treasurer Tobias Read told the New York Times. “We believe that this action is necessary in fulfilling our obligation to our beneficiaries.”
“Nobody likes losing their money as a result of preventable lawsuits,” Brad Lander, New York City’s Comptroller, added citing Fox’s $787.7 million settlement with Dominion Voting Systems in April.
Fox is also currnetly being sued by Smartmatic and by Ray Epps, an Arizona resident that attended the January 6 insurrection at the US Capitol.
