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Fox News Hit With Another Major Lawsuit Over 2020 Election Lies
Fox News has now been hit with another major lawsuit resulting from their lies about the 2020 election, this time from the New York City pension fund. The lawsuit alleges that Fox knowingly lied about the election results, which then led to the defamation settlement that cost the company, which in turn caused a massive stock drop - and the city was investing heavily into the company's stock from the pension fund. While that probably wasn't the smartest idea to begin with, the lawsuit does have merit, as Ring of Fire's Farron Cousins explains.

Link - https://thehill.com/homenews/media/4200725-new-york-citys-pension-funds-sue-fox-over-election-falsehoods/

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Fox News has been hit by yet another lawsuit, which was then actually immediately followed by another lawsuit because of their election lies involving the 2020 presidential election. But these two new lawsuits are not from voting machine companies. They're not from voting machine employees. They're not from people that Fox News had slandered or defamed. They're from the people left holding the bag. And I'm talking about the shareholders of Fox News, but not the board of Directors, right? Not the big wigs. Fox News was hit this week with a lawsuit from the New York City Pension Fund because the Pension Fund, for some stupid reason, has, uh, what is it, $28 million invested into Fox News from the pensions of roughly 800,000 employees in New York City. And in the lawsuit, they are alleging that obviously Fox's reckless disregard for the truth, intentionally spreading these lies that led to the defamation lawsuits.

It was a bad business decision that in the end, cost shareholders a lot of money, including those 800,000 pensioners in New York. The state of Oregon has also now filed a lawsuit essentially arguing the same thing. They have a very strong lawsuit on their hands. Fox News made this decision. They know, they knew or should have known, and that's key knew or should have known, that these decisions to tell a lie could come back and cost them financially, which would cost the shareholders. So again, this is a very straightforward shareholder lawsuit and I think they're gonna win. Now, having said that, let me ask you a question. Why in the do we have cities and states investing pension funds into Fox News? That's the dumbest thing I think I've ever heard. That is absolutely mind blowingly infuriating. You got 800,000 people in New York and you're betting their entire retirement on Fox News. I think. I think the people running these pension funds, I think the shareholders may ought to consider suing them, or at least calling for their resignation. I think the people investing into these pensions, right? And money comes outta your paycheck every time you get paid. And it goes into this fund that you have no control over. Oh, hell no. I think that system needs to change. These people's retirement savings needs to be secure and investing it in Fox News. I don't care if they looked profitable for a while. We all know what

Fox News is. That's been crystal clear for over 25 years. So the people who made the decision to put tens of millions of dollars into these pensions, they knew that Fox News was a defamation lawsuit taking time bomb. Let's go ahead and add those people to the lawsuit too. I think.
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