Secured $90 million recovery and sweeping corporate governance reforms in Fox News board-oversight action
Plaintiff(s):
Shareholders of Twenty-First Century Fox
Case type / claims:
Derivative action alleging board oversight failures related to pervasive sexual harassment, gender discrimination, and racial discrimination within Fox News
Defendant(s):
Roger Ailes, other Fox News executives, and members of the Twenty-First Century Fox Board of Directors
Jurisdiction:
Delaware Court of Chancery
Year:
2017
Outcome:
- Secured a $90 million recovery paid to the company – one of the largest derivative settlements at the time, and the largest in a case focused strictly on board oversight failures.
- The settlement included the creation of an oversight panel of world-class experts to ensure an inclusive and non-discriminatory workplace environment at Fox.
