NYC Pension Funds Sue Fox News Over Election Conspiracy Theories

New York City pension funds sued Fox Corporation for defamation over election falsehoods.
Funds accuse Fox board of neglecting duty to shareholders, opening company to lawsuits.
Lawsuit follows $787 million Dominion settlement over election conspiracy theories.
Funds seek damages, governance reforms to address alleged board failures.
Oregon pension fund joins lawsuit against Fox.

nytimes.com

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9/13/2023

Fox shareholders sue board over alleged election falsehoods and defamation

Fox Corp.'s board of directors is facing a lawsuit accusing them of adopting a business model focused on pursuing profits through broadcasting false information about the 2020 presidential election, with shareholders alleging that the board prioritized profits over legal compliance.