00:00 Fox News' lawyers are busy.
00:03 The network was sued again.
00:05 This time, the plaintiff is New York City's pension funds.
00:09 The complaint says the company neglected its duty to shareholders by opening itself up
00:14 to defamation lawsuits from the persistent broadcasting of falsehoods about the 2020
00:19 presidential election.
00:21 New York City's comptroller Brad Lander said, quote, "We are shareholders at a company that
00:27 unfortunately has a longstanding practice of allowing conspiracy theories that its executives
00:33 and its board know are false to be repeated over and over and over again, despite the
00:40 very clear and present risk of defamation lawsuits eroding shareholder value," unquote.
00:46 Oregon, representing Oregon's public employees retirement fund, joined in the lawsuit against
00:50 Fox.
00:51 The company settled with Dominion Voting Systems for $787.5 million in April in a separate
00:58 defamation case.
