NEW YORK, April 9, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Fox Corporation (“Fox” or the “Company”) FOX FOXA))). Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Fox and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

In the wake of the 2020 US presidential election, Dominion Voting Systems (“Dominion”) sued Fox for defamation. Dominion’s lawsuit alleges that Fox defamed Dominion’s business by supporting, repeating or disseminating a number of “provenly false but devastating lies about Dominion,” including that Dominion committed voter fraud by using the rigged the 2020 election, that Dominion’s software and algorithms rigged the vote count in the 2020 election, that Dominion was created to rig elections, and that Dominion paid kickbacks to government officials using its machines. Dominion is seeking over $1.6 billion in damages. As of February 2023, specific details from internal discussions at Fox surrounding the 2020 election emerged, revealing that Fox senior executives understood that claims that Dominion rigged the 2020 election were false. As a result, Fox faces significant potential legal liability.

As a result of the continuing revelations of Fox’s legal exposure in the Dominion lawsuit, Fox Class A stock has fallen from a closing price of $37.03 on February 17, 2023 to a closing price of $32.52 on March 15, 2023 , down 12.17%. Fox Class B shares have fallen from a closing price of $34.22 on February 17, 2023 to a closing price of $29.83 on March 15, 2023, a decline of 12.8%.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is one of the leading law firms in the areas of corporate,…