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A group of New York City pension funds, along with others from the state of Oregon, have sued Fox Corp. and its officers and directors for “consciously disregarding defamation risk.” Fox News 2020 election coverage promoted “political narratives without regard for whether the underlying factual assertions were true or based on sources worthy of credit,” … ....
New York City's retirement funds and one from the state of Oregon sued Fox for litigation risk from its coverage of the 2020 election and aftermath. ....
Until Delaware Court of Chancery issued In re McDonald’s Corp. Stockholder Derivative Litigation decision it was unclear if claims for breach of fiduciary duty premised on lack of oversight also applied to corporate officers of Delaware corporations. ....