IN RE FOX CORP. DERIVATIVE LITIGATION

CONSOLIDATED C.A. No. 2023-0418-JTL.

307 A.3d 979 (2023)

IN RE FOX CORPORATION DERIVATIVE LITIGATION.

Court of Chancery of Delaware.

Date Decided: December 29, 2023.


Attorney(s) appearing for the Case

Joel Friedlander , Jeffrey M. Gorris , Christopher M. Foulds , FRIEDLANDER & GORRIS, P.A., Wilmington, Delaware; Julie Goldsmith Reiser , Molly J. Bowen , Brendan Schneiderman , COHEN MILSTEIN SELLERS & TOLL PLLC, Washington, DC; Katherine Lubin Benson , LIEFF CABRASER HEIMANN & BERNSTEIN, LLP, San Francisco, California; Nicholas Diamond , Gabriel A. Panek , LIEFF CABRASER HEIMANN & BERNSTEIN, LLP, New York, New York; Ellen Rosenblum , Attorney General, and Brian A. de Haan , Senior Assistant Attorney General, OREGON DEPARTMENT OF JUSTICE, Portland, Oregon; Attorneys for Plaintiffs New York City Employees' Retirement System, New York City Board of Education Retirement System, New York City Fire Department Pension Fund, New York City Police Pension Fund, and New York City Teachers' Retirement System and the State of Oregon.

Andrew E. Blumberg , Daniel E. Meyer , BERNSTEIN LITOWITZ BERGER & GROSSMAN LLP, Wilmington, Delaware; Ned Weinberger , LABATON SUCHAROW LLP, Wilmington, Delaware; Christopher H. Lyons , Tayler D. Bolton , ROBBINS GELLER RUDMAN & DOWD LLP, Wilmington, Delaware; Randall J. Baron , David A. Knotts , ROBBINS GELLER RUDMAN & DOWD LLP, San Diego, California; Lee Rudy , Eric L. Zagar , Geoffrey C. Jarvis , KESSLER TOPAZ MELTZER & CHECK, LLP, Radnor, Pennsylvania; Jeremy Friedman , David Tejtel , FRIEDMAN OSTER & TEJTEL PLLC, Bedford Hills, New York; Attorneys for Plaintiffs Sjunde AP-Fonden and Public Service Pensions Board of the Cayman Islands.


OPINION ESTABLISHING LEADERSHIP STRUCTURE

In the wake of the 2020 presidential election, the Fox News network broadcast statements accusing two voting machine companies of facilitating election fraud. The voting machine companies sued for defamation. Fox Corporation (the "Company") paid $787.5 million to settle one lawsuit...

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