FOXA - HAGENS BERMAN NATIONAL TRIAL ATTORNEYS Encourages Fox Corporation (FOX FOXA) Shareholders to Contact Firm Firm Investigating Claims for Knowingly Exposing FOX to Substantial Liability for False Reporting Tucker Carlson Out After $787M Settlement Anno
SAN FRANCISCO, April 25, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Fox Corporation (NASDAQ: FOX, FOXA) long term shareholders, or investors who purchased FOX securities and suffered losses, to contact the Firm and provide information on your trades.
Visit: www.hbsslaw.com/investor-fraud/FOX
Contact An Attorney Now: FOX@hbsslaw.com
844-916-0895
Fox Corporation (FOX, FOXA) Investigation:
On Mar. 31, 2022, a Delaware Superior Court judge ruled that the $1.6 billion defamation lawsuit Dominion Voting brought against Fox News and Fox Corp. will go to trial in April. Hagens Berman is investigating claims on behalf of shareholders and investors based on Fox’s admittedly knowing false news reporting, including that by Fox News’ highest-rated prime time host (Tucker Carlson), while recklessly exposing Fox Corporation to substantial liability for defamation of Dominion Voting Systems.
Then, on the first day of trial (Apr. 18, 2023), Dominion announced that Fox agreed to pay $787 million to settle Dominion’s claims against it. The Wall Street Journal reported that “[l]egal observers said the agreement was the largest known media defamation settlement ever in the U.S.” The WSJ also noted that Fox still faces a separate $2.7 billion lawsuit brought by Smartmatic USA, a voting machine company making similar claims.
Most recently, on Apr. 24, 2023 the WSJ reported that Tucker Carlson’s last show was on Apr. 21, 2023 and that he is leaving the network.
“We are focused on whether Fox knowingly published false news and the impact on its business and reputation,” said Reed Kathrein, the Hagens Berman partner leading the investigation. “Potential claims may exist against those officers, directors, producers and hosts who knowingly put FOX at risk.”
If you invested in Fox Corporation or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman .
Whistleblowers: Persons with non-public information regarding Fox Corporation should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email FOX@hbsslaw.com .
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at hbsslaw.com . Follow the firm for updates and news at @ClassActionLaw .
Contact:
Reed Kathrein, 844-916-0895