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NEW YORK (AP) — New York City's pension funds and the state of Oregon sued Fox Corporation on Tuesday, alleging the company harmed investors by allowing Fox News to broadcast falsehoods about the 2020 election that exposed the network to defamation lawsuits. 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. In a statement, Oregon Attorney General Ellen Rosenblum said the Fox breached its fiduciary duties by disregarding legal risks. “The directors’ choices exposed themselves and the company to liability and exposed their shareholders to significant risks," she said. “That is the crux of our lawsuit, and we look forward to making our case in court.”

Persons: ”, Brad Lander, Fox's, Donald Trump's, “, Democrat Joe Biden, Lachlan Murdoch, Ellen Rosenblum Organizations: —, Fox Corporation, Fox News, Voting Systems, Oregon, Dominion, Democrat, Fox Corp, Smartmatic, Fox Locations: York, Oregon, Delaware, New York City, Trump, Smartmatic USA

☆ Fox posts quarterly loss on Dominion settlement despite boost from Super Bowl, Tubi
▼ + stars: | 2023-05-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The News Corporation headquarters, which is also home to Fox News, stands in Manhattan on April 18, 2023 in New York City. Fox Corp. reported a quarterly net loss on Tuesday due to the costs related to its settlement with Dominion Voting Systems, despite revenue that was lifted by the Super Bowl and its fast ad-supported streaming service Tubi. Fox notched $4.08 billion in quarterly revenue, up 18% from the same period last year. The company also saw a boost after airing more NFL games during the season and from increased viewership for Tubi. Fox is the top-rated cable news channel, even as prime-time ratings in Carlson's slot have slid since his departure.

☆ Fox Has Settled One Voting Machine Company’s Defamation Case. Another Looms.
▼ + stars: | 2023-04-19 | by ( Erin Mulvaney | ) www.wsj.com time to read: 1 min

Photo: Mark Makela/ReutersFox Corp.’s decision to pay $787.5 million to settle a defamation dispute with Dominion Voting Systems gave voting-machine company Smartmatic USA Corp. a potential blueprint for its own case against the conservative media empire, legal experts say. Just like Dominion, Smartmatic is accusing Fox’s news networks of airing defamatory comments about its products in the aftermath of the 2020 presidential election, including that the voting-machine company helped rig the outcome in favor of Joe Biden. The $2.7 billion lawsuit is pending in New York state court.

April 19 (Reuters) - Fox News on Tuesday disposed of one legal threat with its $787.5 million defamation settlement with Dominion Voting Systems, but the network still faces a $2.7 billion lawsuit from another voting technology company, Smartmatic USA, over its coverage of debunked election-rigging claims. REUTERS/Shannon Stapleton/File PhotoSmartmatic is seeking $2.7 billion in damages from Fox and five individuals, including former Trump lawyers and hosts. Smartmatic alleges in its lawsuit in New York County Supreme Court that the defendants knowingly spread false claims that its software was used to flip votes. Conspiracy theorists erroneously claimed Smartmatic owned Dominion, and the companies mounted similar allegations in their lawsuits. Fox denies the allegations, saying in a recent statement the network had a right to report on highly newsworthy allegations of voter fraud.

☆ Fox faces similar defamation case from Smartmatic after Dominion settlement
▼ + stars: | 2023-04-19 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Fox Corp. and its TV networks agreed to pay $787.5 million to settle Dominion Voting Systems' defamation lawsuit this week, but the media giant's legal headaches don't end there. Still hanging in the balance is voting software company Smartmatic USA's defamation case, which is seeking $2.7 billion in damages – over $1 billion more than Dominion initially sought in its lawsuit. Smartmatic, like Dominion, filed its defamation lawsuit against Fox for spreading false claims that its voting software helped rig the 2020 election that saw Joe Biden triumph over Donald Trump. Although Smartmatic's lawsuit was filed shortly ahead of Dominion's in 2021, the pace of the case has lagged in comparison. It remains unclear how or whether the settlement between Fox and Dominion will affect Smartmatic's case.

Investors are using provisions in Delaware corporate law to demand internal Fox records to investigate how Fox's leaders acted as its Fox News network aired segments on Trump's false claims that he lost the 2020 presidential election due to voter fraud, two sources confirmed. In moves not previously reported, shareholders are looking for records such as board minutes, emails and texts that may contain evidence that Fox directors and executives were derelict by allowing the network to air the false claims. It was not clear how many Fox shareholders are pursuing information demands. Fox has argued that Dominion's case falls short of proving actual malice and its damages request is "untethered from reality." If Fox prevails in the Dominion case, the shareholders' cases would not be as strong, said Ann Lipton, a professor at Tulane University Law School.

[1/2] Donald Trump (R) speaks to media mogul Rupert Murdoch as they walk out of Trump International Golf Links in Aberdeen, Scotland, June 25, 2016. REUTERS/Carlo AllegriApril 11 (Reuters) - A Fox Corp (FOXA.O) shareholder sued Chairman Rupert Murdoch and four other board members on Tuesday, saying they failed to stop Fox News from reporting falsehoods about the 2020 U.S. presidential election that damaged its credibility and prompted lawsuits. The lawsuit seeks damages for the company from Rupert Murdoch, his son and Fox Chief Executive Lachlan Murdoch, and fellow directors Chase Carey, Roland Hernandez and Jacques Nasser. Fox has argued that election-rigging claims by Trump and his lawyers were inherently newsworthy and protected by legal doctrines concerning press freedom. The shareholder lawsuit cited filings in the Dominion lawsuit, which said Murdoch had acknowledged under questioning from Dominion lawyers that some Fox hosts had "endorsed" the idea that the election was stolen.

Register now for FREE unlimited access to Reuters.com RegisterFILE PHOTO - Mike Lindell, CEO of MyPillow, speaks during general session at the Conservative Political Action Conference (CPAC) in Dallas, Texas, U.S., August 5, 2022. REUTERS/Go NakamuraSept 19 (Reuters) - MyPillow Inc Chief Executive Mike Lindell must face a defamation lawsuit brought by a voting machine company that the Trump ally falsely accused of rigging the 2020 U.S. election, a Minnesota federal judge ruled on Monday. Register now for FREE unlimited access to Reuters.com RegisterLawyers for the defendants did not immediately respond to inquiries Monday. Smartmatic operated voting machines in Los Angeles County in 2020 and says there were no irregularities in its tallies. The London-based company alleged in its January complaint that Lindell knowingly made false election-rigging claims to boost MyPillow's sales and made Smartmatic "synonymous with election fraud."

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