Fox shareholder sues Rupert Murdoch and directors over 2020 election coverage

[john doe 101]

Fox shareholder sues Rupert Murdoch, other directors over 2020 election coverage

A Fox Corp 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. Shareholder Robert Schwarz alleged in the...

www.yahoo.com

"Shareholder Robert Schwarz alleged in the lawsuit filed in Delaware Chancery Court that the directors breached their duties to ensure that Fox followed its own ethical standards and avoided reputational risk, and instead sought to keep supporters of former U.S. President Donald Trump tuned in.

"FOX knew – from the Board on down – that Fox News was reporting false and dangerous misinformation about the 2020 Presidential election, but FOX was more concerned about short-term ratings and market share than the long-term damages of its failure to tell the truth," he said in the lawsuit, which did not say how many shares he owned."

Oh man this just keeps getting better.

 

[Oddball]

That gives you a big boner, doesn't it Jake?

 

[Zincwarrior]

Fox shareholder sues Rupert Murdoch, other directors over 2020 election coverage

A Fox Corp 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. Shareholder Robert Schwarz alleged in the...

www.yahoo.com

"Shareholder Robert Schwarz alleged in the lawsuit filed in Delaware Chancery Court that the directors breached their duties to ensure that Fox followed its own ethical standards and avoided reputational risk, and instead sought to keep supporters of former U.S. President Donald Trump tuned in.

"FOX knew – from the Board on down – that Fox News was reporting false and dangerous misinformation about the 2020 Presidential election, but FOX was more concerned about short-term ratings and market share than the long-term damages of its failure to tell the truth," he said in the lawsuit, which did not say how many shares he owned."

Oh man this just keeps getting better.

I would expect multiple shareholder suits actually.

 

[Manonthestreet]

Shouldnt CNN also be sued for their epic crash and burn for churning out massive lies

 

[john doe 101]

Shouldnt CNN also be sued for their epic crash and burn for churning out massive lies

Are you a shareholder of Warner Brothers Discovery? If so, sue away lol. Good luck!

 

[Manonthestreet]

Are you a shareholder of Warner Brothers Discovery? If so, sue away lol. Good luck!

They'll probably have the same luck...oooops