A Fox Corporation shareholder has filed a lawsuit against sued Rupert Murdoch, his son Lachlan, and other directors on the company’s board over claims they allowed Fox News to spread lies about the 2020 presidential election, NBC News reports.
The shareholder, Robert Schwarz, argues in his lawsuit that the board “violated its fiduciary duty to the company by deciding to chase viewers by promoting the false stolen election claims” which in turn exposed Fox to “public ridicule and negatively impacted the credibility of Fox News as a media organization that is supposed to accurately report newsworthy events.”
The plaintiff also alleges that “Fox knew—from the board down—that Fox News was reporting false and dangerous misinformation” about the election but was “more concerned about short-term ratings and market share” than the long-term damage of the lies.
The development comes in addition to ongoing defamation lawsuits filed by Dominion Voting Systems and Smartmatic against Fox seeking a combined $4 billion in damages over accusations that the broadcaster suggested the companies’ voting machines were used in a conspiracy to rig the election against Donald Trump.
It also comes as a former Fox News producer revealed that the conservative network has secret tapes of former Trump lawyer Rudy Giuliani admitting that Donald Trump lost the 2020 presidential election and that there’s no proof of voter fraud.