New York City’s pension funds and the State of Oregon are suing Fox Corp., alleging the company harmed investors by allowing Fox News to broadcast falsehoods about the 2020 U.S. presidential election that exposed the network to defamation lawsuits, according to a report by the New York Times. The lawsuit, which didn’t specify the damages […]
Fox News Sued: Defamation Cost Hit City Worker Pensions, NYC Contends - New York City, NY - Fox failed to protect investors from defamation lawsuits that cost the company hundreds of millions of dollars, the suit contends.
Trustees of New York City's $250 billion pension funds are warning studios that they risk losing investor confidence if WGA and SAG-AFTRA strikes drag on.