Even for a multi-billion dollar company, $787.5 Million is a lot of money.
Fox Corp., which owns and operates Fox News, is also facing lawsuits from shareholders on the company’s board who are upset with the network’s coverage of the 2020 election and the resulting litigation it has sparked.
Shareholder Robert Schwarz alleged in a lawsuit filed in Delaware Chancery Court earlier this month that Murdoch and other board members breached their fiduciary duties to shareholders by failing to uphold the company’s ethical reputation.
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