Fox attorneys seek to dismiss shareholder lawsuit over reporting of vote rigging allegations in 2020 [Yahoo! Finance Canada]
Fox Corporation - Class B (FOX)
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Source: Yahoo! Finance Canada
Five New York City public employee pension funds, along with Oregon's public employee retirement fund, allege that former chairman Rupert Murdoch and other Fox Corp. leaders deliberately turned a blind eye to liability risks posed by reporting false claims of vote rigging by election technology companies Dominion Voting Systems and Smartmatic USA. Smartmatic is suing Fox News for defamation in New York, alleging damages of $2.7 billion. It recently settled a lawsuit in the District of Columbia against One America News Network, another conservative outlet, over reports of vote fraud. Dominion also filed several defamation lawsuits against those who spread conspiracy theories blaming its election equipment for Donald Trump's loss in 2020. Last year, Fox News settled a defamation lawsuit filed by Dominion in Delaware for $787 million. The shareholder plaintiffs also allege that Fox corporate leaders ignored “red flags” about liability arising from a 2017 report suggesting that Set
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