A Fox Corp shareholder alleged in the lawsuit that Murdoch and four board members failed to stop Fox News from reporting falsehoods about the 2020 U.S. presidential election that damaged its credibility. Rupert Murdoch and board sued by Fox shareholder:
- 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.
"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.
Together, the two lawsuits by Dominion Voting Systems and Smartmatic USA seek damages totaling $4 billion.
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