Shareholder sues Murdoch, board members over 2020 election coverage ...Middle East

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Shareholder sues Murdoch, board members over 2020 election coverage
A Fox Corp. shareholder is suing leaders at the company and chairman Rupert Murdoch over Fox News' coverage of the 2020 election, according to a new report. Shareholder Robert Schwarz alleges in a lawsuit filed in Delaware Chancery Court that Murdoch and other board members breached their fiduciary duties to shareholders by failing to uphold the company's ethical reputation, Reuters reported. "FOX knew – from the Board on down – that Fox News was reporting false and dangerous misinformation about the 2020 Presidential election, but FOX was more concerned about short-term ratings and market share than the long-term damages of its failure to tell the truth," Schwarz said in his lawsuit

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