New York City’s pension funds and the state of Oregon are suing Fox Corporation over Fox News' 2020 election coverage. The case was filed Tuesday in Delaware.
New York City’s pension funds are long-term shareholders of Fox Corporation, with shares valued at $28.1 million as of the end of July. Oregon holds shares in the company worth approximately $5.2 million.
“Defendants chose to invite robust defamation claims, with potentially huge financial liability and potentially larger business repercussions, rather than disappoint viewers of Fox News,” the case reads.$787.5 million to avert a trial in the voting machine company’s lawsuit that would have exposed how the network promoted lies about the 2020 presidential election.
Lachlan Murdoch, chair and CEO of Fox Corp., said when the settlement was announced that it avoids “the acrimony of a divisive trial and a multiyear appeal process, a decision clearly in the best interests of the company and its shareholders.”, also sued Fox News over Fox News’ bogus election claims.
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