
New York City’s pension funds and Oregon filed a lawsuit against Fox Corporation on Wednesday accusing it and its board of repeatedly broadcasting false information about the 2020 presidential election, allegedly exposing itself to defamation lawsuits that could reduce shareholder value—a claim that comes months after Fox settled its $787 million defamation lawsuit with Dominion Voting Systems.
The lawsuit, which also alleged Fox made “no good-faith efforts to monitor for or mitigate defamation risk,” said the media company’s model was based on promoting false claims, according to a statement from the Oregon Department of Justice.