https://www.law.com/corpcounsel/2023/08/16/looming-legal-threats-murdochs-influence-make-fox-clo-vacancy-both-alluring-and-terrifying/
Fox Corp. may be several years away from cleaning up the legal fallout from Fox News’ coverage of 2020 election-fraud claims. Credit: AP Photo/Ted ShaffreyANALYSIS
“Taking over at a fraught organization is inherently a gamble. If things start terrible and improve to merely bad, people may not give you any credit,” Andrew Verstein, a law professor at UCLA, said.
August 16, 2023 at 08:18 AM
5 minute read
What You Need to Know
- The company faces continued legal risks, including a $2.7 billion defamation lawsuit from voting-machine maker Smartmatic that’s expected to go trial in 2025.
- Also tricky would be managing relationships with the Murdochs, who are controlling shareholders, and dealing with other big egos.
- That departing legal chief Viet Dinh plans to stick around for two years as special adviser further complicates the job.
The Fox Corp. chief legal officer post normally would be one of the most attractive legal jobs in corporate America. But right now, anyone stepping into that role would be saddled with cleaning up a morass of litigation that has put billions of dollars at risk and threatens to further dent the company’s reputation.
Talk about pressure.
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