New York City and Oregon officials are suing the Fox Corporation and its board on behalf of their government pension funds, accusing the media behemoth of neglecting its fiduciary duties to shareholders by airing false statements about the 2020 presidential election that have opened the company to massive defamation lawsuits.
The lawsuit filed in Delaware on 12 September follows high-profile litigation targeting Fox News in the aftermath of the 2020 election, including April’s record-setting settlement stemming from a defamation lawsuit from Dominion Voting Systems. Fox agreed to pay the voting machines company $787.5m, narrowly averting a closely watched trial moments before it started.
