Rupert Murdoch's Fox News Settles $12M Gender Discrimination Lawsuit
Portfolio Pulse from Ananya Gairola
Fox Corp. (NASDAQ:FOX) has settled a $12-million gender discrimination lawsuit, further intensifying the ongoing scandal surrounding the news network. The settlement comes after multiple legal battles, including a high-profile defamation case with Dominion Voting Systems, which saw Fox News pay $787.5 million. The plaintiff in the gender discrimination lawsuit, former Fox News producer Abby Grossberg, alleged gender-based discrimination and accused the network’s lawyers of pressuring her to make misleading statements during the Dominion Voting Systems case.
July 01, 2023 | 5:05 am
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Fox Corp. has settled a $12-million gender discrimination lawsuit, which could potentially harm the company's reputation and investor confidence.
The settlement of the lawsuit could potentially harm Fox Corp.'s reputation, which may lead to a decrease in investor confidence and negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100