Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Twenty-First Century Fox, Inc. (NasdaqGS: FOX).
In 2016 through the present, numerous sexual harassment complaints have been made against former head of Fox News (“FN”) Roger Ailes and other executives, resulting in litigation and/or significant settlements paid by Fox, including lawsuits by former FN anchors Gretchen Carlson, Andrea Tantaros, Alisyn Camerota, and Julie Roginsky. These claims led to Ailes’ resignation in July 2016, followed by a federal probe into Fox’s handling of the settlements, which is ongoing and has grown to include the U.S. Postal Service.
Additionally, on April 19, 2017, Fox announced that Bill O’Reilly, host of The O’Reilly Factor, had been fired following reports that Fox had paid $13 million to settle five sexual harassment claims against him and that an internal investigation had uncovered additional complaints.
Fox has reportedly paid a total of $85 million in payouts to O’Reilly and Ailes, along with settlements of some of the harassment claims.
Complaints against FN executives have also now grown to include claims of racially abusive treatment made in recent lawsuits filed by present and former employees.
KSF’s investigation is focusing on whether Fox’s officers and/or directors breached their fiduciary duties to Fox’s shareholders or otherwise violated state or federal laws. ws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Fox shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org).