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Sprawling litigation against Fox News’ directors for decisions that led to a $787.5 million defamation settlement with Dominion Voting Systems Inc. will be helmed by a legal team for the pension funds of New York City and Oregon public workers, the Delaware Court of Chancery ruled Friday.
Lawyers fighting to take lead in shareholder litigation to hold Rupert Murdoch and other Fox Corp. senior leaders accountable for the fallout from false conspiracy theories broadcast about the 2020 election accused each other Thursday of showboating and pursuing flawed legal theories before a Delaware judge.
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.
A Delaware judge questioned Thursday whether the class definition was too broad in a proposed settlement to end investor litigation alleging Snap Inc., the pioneer in mobile chat and photo-sharing features, was pushing a scheme to allow its co-founders to keep perpetual control of the company.
WWE has revealed that Vince McMahon agreed to pay legal fees in the dropped lawsuit from stockholders relating to his return to the board.