Fox Faces Lawsuit Over Election Falsehoods by New York City Pension Funds
New York City's pension funds have filed a lawsuit against Fox Corporation and its board, accusing the company of neglecting its duty to shareholders by repeatedly broadcasting falsehoods about the 2020 presidential election. The lawsuit, filed in the Delaware Court of Chancery, alleges that Fox knowingly amplified false claims about election rigging, exposing itself to defamation lawsuits. The pension funds, representing nearly 800,000 workers and worth $253 billion, argue that Fox's executives and board have failed to take action to minimize the risk of defamation litigation. The State of Oregon has also joined the lawsuit. Fox settled a defamation lawsuit brought by Dominion Voting Systems in April for $787.5 million and faces a similar lawsuit from Smartmatic.