NEW YORK, Aug. 30, 2016 (GLOBE NEWSWIRE) -- Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into Twenty-First Century Fox, Inc. (FOX) (“Fox”) to determine whether Fox’s Officers and Directors have breached their fiduciary duties owed to Fox and its shareholders. If you are a Fox shareholder, you are encouraged to contact Scott+Scott at (800) 404-7770 or email mburnett@scott-scott.com to discuss their legal rights.
Fox is an international, diversified media and entertainment company. Fox produces and licenses news, sports, movies, and general and factual entertainment programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
On July 6, 2016, former Fox News anchor Gretchen Carlson, filed a sexual harassment lawsuit against then-Fox News chief Roger Ailes. Carlson claimed in her lawsuit that her firing was retaliation for her refusing Ailes’ sexual advances. In addition, several women, including Megyn Kelly, Fox’s star anchor, reportedly stepped forward saying they also had experienced unwanted sexual advances from Ailes.
On July 21, 2016, Fox announced that Ailes was ousted from the network and Rupert Murdoch stepped in as chairman.
On August 10, 2016, the New York Times reported that Fox is also facing scrutiny over whether it knew, or should have known, about Ailes’s alleged behavior. The article further states that “[c]orporate governance and ethics experts say that [Fox] and its board ought to have been aware of problems involving sexual harassment accusations at the network, as well as any payouts related to them.”
What You Can Do
If you are a long-term Fox shareholder, you may have legal claims against Fox’s Officers and Directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Michael Burnett at (800) 404-7770, or at mburnett@scott-scott.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide.