NYC Pension Funds Sue Fox News Over Election Lies

The New York Times reports:

New York City’s pension funds sued the Fox Corporation and its board on Tuesday, accusing the company of neglecting its duty to shareholders by opening itself up to defamation lawsuits from the persistent broadcasting of falsehoods about the 2020 presidential election. The lawsuit, filed in the Delaware Court of Chancery, is the most significant shareholder action since Fox settled a blockbuster defamation lawsuit brought by Dominion Voting Systems in April for $787.5 million.

The lawsuit accuses Fox of trying to appease its viewers after the results of the 2020 U.S. presidential election by amplifying false claims from former President Donald J. Trump and his allies that voting had been rigged. It said board directors had known there was a risk of defamation litigation from the false narratives, but “consciously disregarded” it and did not undertake good-faith efforts to minimize that risk.

Read the full article. The state of Oregon has joined the suit.

Breaking News: New York City’s pension funds sued Fox, saying its broadcasting of falsehoods about the 2020 election neglected shareholders by risking lawsuits. https://t.co/PAbr6u8Tha

— The New York Times (@nytimes) September 12, 2023