NEW YORK, NY / ACCESSWIRE / March 21, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fox Corporation (FOX; FOXA)("Fox" or the "Company"). Investors who purchased Fox securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/fox.
The investigation concerns whether Fox and certain of its officers and/or directors have violated federal securities laws.
In the wake of the 2020 U.S. Presidential Election, Dominion Voting Systems ("Dominion") sued Fox for defamation. Dominion's lawsuit alleges that Fox defamed Dominion's businesses by endorsing, repeating or broadcasting a series of "verifiably false yet devastating lies about Dominion", including that Dominion committed election fraud by rigging the 2020 election, that Dominion's software and algorithms manipulated vote counts in the 2020 election, that Dominion was founded for the purpose of rigging elections, and that Dominion paid kickbacks to government officials who used its machines. Dominion seeks over $1.6 billion in damages. Beginning in February 2023, specific details emerged of internal discussions at Fox in the wake of the 2020 election, revealing that Fox's senior leaders understood that claims to the effect that Dominion had rigged the 2020 election were false. As a consequence, Fox faces significant potential legal liability. As a result of ongoing revelations about Fox's legal exposure in the Dominion lawsuit, Fox's Class A stock has declined from a closing price of $37.03 on February 17, 2023 to a closing price of $32.52 on March 15, 2023, a 12.17% decline. Fox's Class B stock has declined from a closing price of $34.22 on February 17, 2023 to a closing price of $29.83 on March 15, 2023, a 12.8% decline.
If you are aware of any facts relating to this investigation or purchased Fox shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/fox. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC