Oregon is invested in Fox Corp. and is investigating its board over bogus election fraud claims

[Omaha Steve]

Source: AP

By ANDREW SELSKY today

SALEM, Ore. (AP) — Oregon’s attorney general announced Monday she has begun investigating the board of directors of Fox Corp. for breaching its fiduciary duties by allowing Fox News to broadcast false claims about the 2020 presidential election — claims that cost the broadcaster almost $800 million in a lawsuit.

Also joining the investigation is Oregon State Treasurer Tobias Read, who oversees the Oregon Public Employees Retirement Fund, which owns more than 250,000 shares of Fox stock. Both Attorney General Ellen Rosenblum and Read are Democrats.

“Treasurer Read and I believe that Fox’s board of directors breached its fiduciary duties by allowing Fox News to broadcast false claims that Dominion and Smartmatic rigged the 2020 presidential election,” Rosenblum said. “We hope to hold the board accountable and protect the long-term value of Oregon’s investment in Fox Corp.”

Brian Nick, chief communications officer and executive vice president of Fox Corp., declined to comment on Rosenblum’s announcement.




Read more: https://apnews.com/article/fox-election-oregon-dominion-pension-fund-47f997e19987bd0282704fddf5ddc36a

[Kid Berwyn]

1. Lock 'em up.

As they say.

[TeamProg]

2. $$$$$$$$$$ nt

[EYESORE 9001]

3. That picture

Two down, one to go. Busted up their triumvirate of toadies.

[bucolic_frolic]

4. It takes big shareholders to bring lawsuits. This has accountability potential.

Shareholder liability might deliver the knockout punch.

[2naSalit]

6. +1

[lark]

5. Divest!!!!

I'm sure the stocks would do better elsewhere and it would keep some money out of the hands of the right wing oligarchs.

[AllaN01Bear]

7. intresting, i always thought that fox was a non public trading set-up hem.

[ExWhoDoesntCare]

15. Why?

I'm not sure about 20th Century or Fox Films when they were separate entities, but when they merged, they became a publicly traded company in 1935. They have been such ever since, regardless of name changes over the years.

Murdoch became the majority shareholder and CEO in 1985--but he has never been a sole shareholder.

[barbtries]

8. why i'll never be an investor:

i refuse to give my money to corporations like fox news

[Martin68]

10. You can invest in beneficent companies. No need to invest in evil corporations.

Invest in solar power, wind power. Put your money where your heart is.

[barbtries]

11. when i was working and had a 401k,

i did my best to do that. almost got laughed out of the room.

[BadgerKid]

12. That's great, if you believe beneficial companies are treated fairly

in the market.

[Martin68]

14. I'm not sure what your point is. Are you suggesting solar is a bad investment?

[Martin68]

9. Yes! Everybody should go after Fox and Trump with everything you've got.

Death by a thousand cuts.

[KPN]

13. Good. Every blue State with public employee pension funds invested in Fox should do the same.

Bleed these f'ers dry and send Murdoch's back to Australia.