The state of Oregon joined New York City Pension Funds in filing a stockholder derivative lawsuit on Sept. 12 against the board of Fox Corporation, the corporate parent of Fox News, accusing it of a breach of fiduciary duty by opening it up to defamation lawsuits by “peddling known falsehoods” in its post-2020 election coverage.
The lawsuit was filed under seal in Delaware Chancery Court. In a statement on Sept. 12, Oregon Attorney General Ellen Rosenblum accused Fox Corporation’s board of knowingly exposing the company and its shareholders to significant risks by perpetuating allegedly false narratives about the 2020 elections for profit.
