Fox News to pay Shareholders $90 Million

[exotix]

Just In


21st Century Fox in $90 million settlement tied to sexual harassment scandal

https://www.reuters.com/article/us-f...-idUSKBN1DK2NI

(Reuters) - Twenty-First Century Fox Inc has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief Roger Ailes and anchor Bill O‘Reilly.

The settlement, which requires a judge’s approval, resolves what are known as “derivative” claims against Fox officers and directors, including: Rupert Murdoch and his son Lachlan, who are Fox’s executive chairmen; James Murdoch, another son and its chief executive, and Ailes’ estate.

The defendants did not admit wrongdoing in agreeing to the settlement filed with the Delaware Chancery Court.

Monday’s settlement calls for insurers of Fox officers, Fox directors and Ailes’ estate to pay the $90 million to the New York-based company for the benefit of shareholders.



Fox News Establishes Workplace Council to Address Sexual Harassment

https://www.hollywoodreporter.com/th...ssment-1060456

[Crepitus]

Settlements with no admission of wrongdoing are hush money.

[Grokmaster]

Settlements with no admission of wrongdoing are hush money.

As in Bill Clinton paying off Paula Jones.

Clinton Settles Jones Lawsuit With a Check for $850,000



Lawyers for the President and Ms. Jones came close to settling the lawsuit but did so only last November after much of the damage to Mr. Clinton had occurred. As part of the settlement, he did not admit to any wrongdoing and did not offer any apologies, two conditions that Ms. Jones had earlier insisted would have to be part of any agreement.

http://www.nytimes.com/1999/01/13/us...or-850000.html

[Safety]

whataboutism....

[resister]

whataboutism....

...is all the rage these days!

[Crepitus]

whataboutism....

So much of the time, because so many of their positions are truly unsupportable, its all they've got.

[Grokmaster]

Aww....did somebody throw your own bull$#@! right back in yo po', widdo, weftist faces...?? , <sniff! sniff!>


baby tantrum.jpg

[Kacper]

Settlements with no admission of wrongdoing are hush money.

LOL. This is Fox's shareholders getting a $90M payout from insurance companies because Fox settled sexual harassment claims.

[Crepitus]

LOL. This is Fox's shareholders getting a $90M payout from insurance companies because Fox settled sexual harassment claims.

I understand that it's wide-spread hush-money.

[Kacper]

I understand that it's wide-spread hush-money.

It is insurance payouts. It is no different than me getting money if you run into me.