Oregon AG sues Fox News over lawsuit, loss of stock value

By Taxpayers Association of Oregon
OregonWatchdog.com

The State Treasurer, which oversees our Oregon Public Employee Retirement System (PERS) which is $24 billion in debt and has been for nearly a decade, is part of a lawsuit saying Fox News is responsible for their stock investments not performing properly.

The lawsuit from the Oregon Attorney General reads,“Treasurer Read and I believe that Fox’s board of directors breached its fiduciary duties by allowing Fox News to broadcast false claims that Dominion and Smartmatic rigged the 2020 presidential election,” said Rosenblum. “We hope to hold the board accountable and protect the long-term value of Oregon’s investment in Fox Corp.” The DOJ/Treasury investigation will explore leading a suit against Fox’s management on behalf of the company’s harmed investors, which include Oregon’s public employees. Fox directors and senior officers manage the company on behalf of its investors. They have a duty to manage the company competently, honestly, and in a manner that prevents foreseeable and catastrophic financial harm like that inflicted upon company’s shareholders by the Dominion and Smartmatic suits.The investigation will explore whether the board of directors of Fox should be held responsible for the $787.5 million incurred by Fox to settle Dominion’s defamation claim, and other legal costs connected to the defamatory broadcasts by Fox News.”

What about the FTX cryptocurrency Ponzi scheme?

FTX lost $9 billion.  Yet they donated to liberal politicians, including Oregon political candidates and the Oregon Democrat Party.  Is the AG investigating them as well?   The Oregon Attorney General just recused herself from an FTX-related money investigation.

Fox News stock price is 6% down from last year at this time, while FTX is 100% down.

 

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