Judge orders Fox to hand over hundreds of documents in shareholders' case
A Delaware judge has ordered Fox Corp. to release hundreds of documents regarding how leadership handled past corporate scandals. The move is part of a shareholder lawsuit seeking to hold the Murdoch family and board members accountable for business practices that led to costly litigation.
Why it matters
This case could set a significant legal precedent for corporate governance and board accountability within major media conglomerates.
Rupert Murdoch's Fox Corp. must turn over hundreds of documents that could shed light on how he and a key corporate director — the former head of Ford Motor Co. — handled major scandals at his properties over the past two decades.
A Delaware judge issued the guidance Friday in a long-running case brought by Fox Corp. stockholders. The lawsuit was initially filed three years ago in an attempt to hold Murdoch, his eldest son Lachlan (now executive chairman and CEO) and several other board members and executives legally responsible for fostering a business model that has repeatedly exposed the media company to scandal after scandal – and costly litigation.
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