NEW ORLEANS--(BUSINESS WIRE)--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).
Throughout 2016, a series of high-profile sexual harassment complaints were lodged against former head of Fox News Roger Ailes and other Fox executives, resulting in litigation and/or significant settlements paid by Fox, including sexual harassment lawsuits filed by former Fox News anchor Gretchen Carlson and former The Five host Andrea Tantaros. The events culminated with Mr. Ailes resignation on July 21, 2016 and, more recently, an ongoing grand jury investigation by the U.S. Attorney’s office for the Southern District of New York.
Then, on April 3, 2017, an additional lawsuit was filed by Fox News contributor Julie Roginsky against Ailes for sexual harassment and against Ailes and other executives for retaliation for raising the issue.
Additionally, on April 1, 2017, The New York Times reported that Fox paid $13 million to settle sexual harassment allegations against Bill O’Reilly, host of Fox’s No. 1 program The O’Reilly Factor, raised by five women, two of which came after Ailes resigned in 2016. Following this report, more than 60 advertisers suspended ads from O’Reilly’s show.
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.
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 (lewis.kahn@ksfcounsel.com).
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
