Oregon’s attorney general has launched an investigation into the Fox Corporation board of directors over their responsibility for Fox News’ airing of false election claims after the 2020 presidential election.
That led to Fox’s $787.5 million settlement in April of a case brought by Dominion Voting Systems. Attorney General Ellen Rosenblum, representing the Oregon Public Employees Retirement Fund, said that the investigation would explore a potential shareholder suit against the board. “We hope to hold the board accountable and protect the long-term value of Oregon’s investment in Fox Corp.,” Rosenblum said in a statement.
State Treasurer Tobias Read, a member of the Oregon Investment Council, also will take part in the investigation. “Investigating Fox’s books and records is a necessary and significant step in fulfilling our obligation to our beneficiaries,” Reed said in a statement.
Rosenblum and Read are both Democrats. Rosenblum’s office said that the Fox directors and senior officers “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.” A Fox Corp.
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