Fox investors seek records in possible step toward suing directors

By | April 19, 2023

Reuters reports:

Fox Corp shareholders are demanding company records that may show whether directors and executives properly oversaw Fox News’ coverage of former President Donald Trump’s election-rigging claims, sources told Reuters, in what could be a prelude to lawsuits seeking to make directors liable for costs.

Investors are using provisions in Delaware corporate law to demand internal Fox records to investigate how Fox’s leaders acted as its Fox News network aired segments on Trump’s false claims that he lost the 2020 presidential election due to voter fraud, two sources confirmed.

In moves not previously reported, shareholders are looking for records such as board minutes, emails and texts that may contain evidence that Fox directors and executives were derelict by allowing the network to air the false claims.

The shareholders could use these as well as evidence presented in other lawsuits to build a case for the leaders to be held personally liable for costs from two defamation cases by voting-machine companies over the Fox coverage. [Continue reading…]