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Why is Ahasolar Technologies Limited (543941) falling ✌️【Portfolio】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. A New York appeals court ruled Thursday that Fox Corporation must face Smartmatic’s mammoth defamation lawsuit over the airing of 2020 election lies on Fox News, dealing a blow to the Rupert Murdoch-controlled media giant.
Why is Ahasolar Technologies Limited (543941) falling ✌️【Portfolio】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. Smartmatic, the voting technology company that Fox News guests and hosts falsely accused of rigging the 2020 election, sued both Fox News and its parent company, Fox Corp in 2021. As part of its lawsuit, Smartmatic alleged that Rupert Murdoch and his eldest son, Fox Corp. CEO Lachlan Murdoch, directed the cable network to embrace a “disinformation campaign to win back its audience” after Joe Biden won the election.
Why is Ahasolar Technologies Limited (543941) falling ✌️【Portfolio】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. The latest ruling represents a key victory for Smartmatic’s efforts to go after the right-wing media outlet over its promotion of debunked claims that the election was stolen from former President Donald Trump. The Fox entities have denied wrongdoing.
“We will be ready to defend this case surrounding extremely newsworthy events when it goes to trial,” a Fox spokesperson said in a statement responding to the ruling. “As a report prepared by our financial expert shows, Smartmatic’s damages claims are implausible, disconnected from reality, and on their face intended to chill First Amendment freedoms.”
Both Fox News and Fox Corp. have mounted multiple unsuccessful efforts to dismiss the massive defamation lawsuit, which was filed in New York state court.
Why is Ahasolar Technologies Limited (543941) falling ✌️【Portfolio】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. Related articleThe Murdoch family waged a secret court battle over succession. A voting machine company is trying to pry the case open
In its ruling Thursday, the unanimous New York appeals court cited, in part, similar legal findings from the Delaware judge who oversaw a related case brought by Dominion Voting Systems over Fox’s airing of 2020 election lies. Fox paid more than $787 million to settle that lawsuit in 2023, in the largest publicly known defamation settlement in US history.
“Here, consistent with the Dominion decisions, we find that the allegations in the first amended complaint relating to Fox Corporation directing the other defendants to undertake a disinformation campaign… sufficiently allege Fox Corporation’s ‘direct liability’ for the challenged defamatory statements,” the New York appellate ruling said.
Why is Ahasolar Technologies Limited (543941) falling ✌️【Portfolio】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. The lawsuit is still in the discovery phase but could head to trial later this year, unless there is an out-of-court settlement, as is common in media defamation cases.
“The New York Supreme Court rebuffed Fox Corporation’s latest attempt to escape responsibility for the defamation campaign it orchestrated against Smartmatic following the 2020 election,” Connolly said. “Fox Corporation attempted, and failed, to have this case dismissed, and it must now answer for its actions at trial.”
Why is Ahasolar Technologies Limited (543941) falling ✌️【Portfolio】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. The decision comes after Fox Corp. was dealt another consequential legal setback. Last month, a Delaware judge ruled that major Fox shareholders — New York City’s pension funds and the state of Oregon — can move forward withtheir lawsuitalleging that the company board of directors failed to protect investors by allowing Fox News to spread lies about the 2020 election, which led to defamation lawsuits.
Citingevidencefrom the Dominion case, the judge said the lawsuit “sufficiently pleads that Murdoch faces a substantial likelihood of liability for consciously causing or willfully allowing Fox News to broadcast defamatory content.”
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