Fox Corporation Sued by NYC Pension Fund, Oregon Over 2020 Election Coverage
Summary from AllSides News Team
New York City’s pension funds and the state of Oregon filed a lawsuit against the Fox Corporation on Tuesday. The NYC pension fund and the Oregon Public Employee Retirement Fund both hold shares in Fox, and the two groups allege the media company breached its fiduciary duty by “peddling known falsehoods” following the 2020 election.
For Context: The Oregon Public Employee Retirement Fund holds $5.2 million worth of shares in the Fox Corporation, according to The Epoch Times (Lean Right bias). New York City’s pension funds hold $28.1 million worth of shares in the Fox Corporation, according to the Associated Press (Lean Left bias). In April, Fox settled a defamation lawsuit filed by Dominion Voting Systems. Fox agreed to pay $787.5 million to settle Dominion’s claims that the network knowingly aired false claims that Dominion voting machines were used to manipulate election results.
Key Quotes: New York City Comptroller Brad Lander stated, “Fox’s board of directors has blatantly disregarded the need for journalistic standards and failed to put safeguards in place despite having a business model that invites defamation litigation.” Oregon Attorney General Ellen Rosenblum stated, “The directors’ choices exposed themselves and the company to liability and exposed their shareholders to significant risks. That is the crux of our lawsuit, and we look forward to making our case in court.”
How the Media Covered It: Left-rated outlets reported on the filing most frequently. Coverage across the spectrum only quoted the accusers.
Featured Coverage of this Story
From the RightFox Corporation Sued by New York City Pension Funds, Oregon Over 2020 Election Coverage
The state of Oregon joined New York City Pension Funds in filing a stockholder derivative lawsuit on Sept. 12 against the board of Fox Corporation, the corporate parent of Fox News, accusing it of a breach of fiduciary duty by opening it up to defamation lawsuits by “peddling known falsehoods” in its post-2020 election coverage.
The lawsuit was filed under seal in Delaware Chancery Court. In a statement on Sept. 12, Oregon Attorney General Ellen Rosenblum accused Fox Corporation's board of knowingly exposing the company and its shareholders to significant risks by...
From the CenterFox Sued Again: NYC Pension Funds Allege False Election Coverage Exposed Company To Defamation
New York City’s pension funds and Oregon filed a lawsuit against Fox Corporation on Wednesday accusing it and its board of repeatedly broadcasting false information about the 2020 presidential election, allegedly exposing itself to defamation lawsuits that could reduce shareholder value—a claim that comes months after Fox settled its $787 million defamation lawsuit with Dominion Voting Systems.
The lawsuit, which also alleged Fox made “no good-faith efforts to monitor for or mitigate defamation risk,” said the media company’s model was based on promoting false claims, according to a statement from...
From the LeftNYC pension funds and state of Oregon sue Fox over 2020 election coverage
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.
The lawsuit, filed in Delaware, accuses the company of inviting defamation claims by amplifying conspiracy theories about the election, including a suit Fox News agreed to settle for nearly $800 million with the voting machine company Dominion Voting Systems.
“Fox’s board of directors has blatantly disregarded the need for journalistic standards and...