Oregon AG sues Fox News

By Oregon Campaign Watch,

New York’s pension fund and Oregon’s Attorney General filed a lawsuit against Fox News over their coverage of the 2020 election.

The Oregon Ag press release states, “Attorney General Ellen Rosenblum today filed a stockholder derivative lawsuit against the board of directors of Fox Corporation, the corporate parent of Fox News, for breach of fiduciary duty. The Oregon Public Employee Retirement Fund (OPERF) is a Fox investor. The Attorney General represents OPERF and Oregon Treasurer Tobias Read, whose office partnered in the investigation.“The board of Fox Corporation took a massive risk in pursuing profits by perpetuating and peddling known falsehoods,” said AG Rosenblum. “The directors’ choices exposed themselves and the company to liability and exposed their shareholders to significant risks. That is the crux of our lawsuit, and we look forward to making our case in court.”A joint Oregon Department of Justice / Oregon Treasurer’s Office investigation launched earlier this year found that Fox’s management on behalf of the company harmed investors, which include Oregon’s public employees. As of August 31, 2023, Oregon held 150,146 shares of Fox Class A stock and 76,169 shares of Fox Class B stock worth approximately $5.2 million.”