New York City's pension funds and state of Oregon sue Fox Corporation over 2020 election lies

[BumRushDaShow]

Source: CNN Business

Updated 7:06 PM EDT, Tue September 12, 2023

CNN — New York City’s pension funds and the state of Oregon took legal action on Tuesday against Fox Corporation, alleging in a lawsuit that the Fox News parent company failed shareholders by allowing the right-wing channel to recklessly spread lies about the 2020 election that opened it up to a pair of historic defamation cases.

The lawsuit, which was filed under seal in the Delaware Court of Chancery and named Fox Corporation board members and its executives as defendants, accused the media company of having chosen to “invite robust defamation claims, with potentially huge financial liability and potentially larger business repercussions, rather than disappoint viewers of Fox News,” according to an excerpt of the complaint provided by the state of Oregon.

The lawsuit represents the most serious shareholder legal action taken against Fox since it settled a historic defamation lawsuit brought by election technology company Dominion Voting Systems earlier this year for a record $787.5 million. Fox, which has maintained it is proud of its dishonest 2020 election coverage, still faces an even larger, $2.7 billion lawsuit from election technology company Smartmatic.

“Fox’s board of directors has blatantly disregarded the need for journalistic standards and failed to put safeguards in place despite having a business model that invites defamation litigation,” Brad Lander, the New York City comptroller, said in a statement on Tuesday. “A lack of journalistic standards and a proper strategy to mitigate defamation has clearly harmed Fox’s reputation and threatens their bottom line and long-term profitability.” “The board of Fox Corporation took a massive risk in pursuing profits by perpetuating and peddling known falsehoods,” Ellen Rosenblum, attorney general of Oregon, said in a separate statement.

Read more: https://www.cnn.com/2023/09/12/media/fox-corporation-new-york-city-oregon-lawsuit/index.html

[blm]

1. Good to see this happening

[50 Shades Of Blue]

2. It's no secret what Fox News is and always has been.

Why are these plaintiffs shareholders in such a vile corporation the first place?

Guess they were just fine with ignoring Fox's bullshit lies, distortions, racism, bigotry, misogynism, and all around hatemongering until it hurt their own bottom line.

[brush]

3. Woohoo. FOX may have to file for bankruptcy after settling the...

Smartmatic suit and now this as we're talking multi-billions, witha B, not mere millions.

Maybe they can get some pointers from trump who's don't it severa times.

[riversedge]

4. "Ray Epps, who ex-Fox star Tucker Carlson baselessly accused of being an undercover federal agent at

Hoping Fox loses a whole bigly pile of $$$



Lise Latulippe Fully Vaccinated and Boosted
@lise_latulippe
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Fox also faces a similar billion-dollar lawsuit from voting software firm Smartmatic.
Ray Epps, who ex-Fox star Tucker Carlson baselessly accused of being an undercover federal agent at the Jan. 6 Capitol riots, is also suing Fox for defamation.

Link to tweet

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https://apnews.com/article/fox-election-lawsuit-new-york-oregon-c77a0630afca5de243a96265c5815b33?utm_campaign=TrueAnthem&utm_medium=AP&utm_source=Twitter

[Takket]

5. Wouldn't they have to prove the board was aware of the defamation?

Couldn’t they just say “hey I watched it on Tucker like you all and I thought it was true”.

[BumRushDaShow]

6. I think they may have established that with the Dominion Systems case

which might be why they settled that just before the trial was to start.