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Fox Shareholders Sue Fox Corp. Board of Directors for Allegedly Embracing Election Falsehoods in Pursuit of Profits

Mod: Everything Trump touches dies. One lawsuit at a time.

Fox Shareholders Sue Board for Allegedly Embracing Election Falsehoods in Pursuit of Profits (Hollywood Reporter link): Fox Corp.’s board of directors has been sued in a lawsuit accusing the company’s directors of adopting an illegal business model centered on chasing profits by intentionally broadcasting falsehoods about the 2020 presidential election.

On Tuesday in the Delaware Court of Chancery, New York City’s pension funds filed a lawsuit arguing that Fox’s board members and other executives “consciously disregarded” the risk of exposing itself to defamation claims “with potentially huge financial liability and potentially larger business repercussions.”
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.

Shareholders allege that Fox’s board made an intentional decision to prioritize profits over legal compliance. They claim the company’s directors knew the risk of amplifying false claims that Dominion and Smartmatic (another voting-technology company) rigged votes but continued to do so anyway after receiving backlash from viewers for initially failing to back former President Donald Trump’s position that he won the election.
Fox News had broadcast factual assertions of criminal election fraud that were indisputably false,” states the complaint, which argues that the network “lacked a viable legal defense to the defamation claims.”

Shareholders also cite defamation actions from Smartmatic (ongoing); Venezuelan businessman Majed Khalil, who was accused by Fox News host Lou Dobbs of being a “liaison of Hezbollah” responsible for election rigging (settled in April); and a murdered Democratic National Committee staffer’s parents, who sued Fox over a false story that their son was murdered because he hacked DNC emails and provided them to WikiLeaks. The last case settled for millions of dollars in 2020, shortly before the scheduled depositions of Dobbs and Sean Hannity.

Mod: Looks like everybody is after Rupert's money. Hopefully they get it. More at the link.


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