Well, greed is greed, usually wins over things like, really taking a step to help save this country that only a trial would have done. Let's see if there are any terms made public, probably not financial, but if Fox has to admit to anything.
They could have gotten that by going to trial.Lawyers speaking. 785 million
It is sort of telling that when asked about apologies, both sides declined to comment. I hope, there is more to come though.I guess Dominion does not care if it stays in business or not. They just want the big payday. Fair enough, that is quite a few years worth of profit for them, and even winning the suit would not guarantee that they could overcome the stigma Fox created around their brand. I was just hoping that they were looking long term, but I should have known better. What board of directors ever votes for long term sustainability when they can grab a handful of cash today?
All is not lost, the Smartmatic "$2.7 billion" lawsuit against Fox is ongoing, still in discovery phase
No.So punitive damages were included in the settlement then?
Not explicitly, but the settlement resolves all claims - including removing any risk of punitive damages. So in a sense, the negotiated amount might theoretically include some risk-weighted allowance on punitive damages, but at the end of the day, it is just a single $ figure to resolve all claims.So punitive damages were included in the settlement then?
Yea; pretty darn lame - but what do you expect? One thing that is odd about this settlement is that for the most part it is public; normally the terms are nda and you can't comment on them. To a degree I can understand dominion not wanting to go to trial - not so much the initial trial but then the years long slog of appeals and risk of getting a right wing jury/judge that sweeps the whole thing away during the appeal process. I do wish fox was forced to fully admit (on every news cast for the next 10 years) it made fraudulent statements around the 2020 election.Here's the Fox statement. Not much.
“We are pleased to have reached a settlement of our dispute with Dominion Voting Systems. We acknowledge the Court’s rulings finding certain claims about Dominion to be false," Fox said in a statement. “This settlement reflects FOX’s continued commitment to the highest journalistic standards. We are hopeful that our decision to resolve this dispute with Dominion amicably, instead of the acrimony of a divisive trial, allows the country to move forward from these issues.”
What a crock.
So 780m is the pricetag on the license to keep lying.Here's the Fox statement. Not much.
“We are pleased to have reached a settlement of our dispute with Dominion Voting Systems. We acknowledge the Court’s rulings finding certain claims about Dominion to be false," Fox said in a statement. “This settlement reflects FOX’s continued commitment to the highest journalistic standards. We are hopeful that our decision to resolve this dispute with Dominion amicably, instead of the acrimony of a divisive trial, allows the country to move forward from these issues.”
What a crock.
Kind of, but not really. A settlement does not do things like punitive damages, it is more or less a payoff to drop the suit. There will be no official judgement, and Fox will pay Dominion and do whatever they agreed to in the settlement make the case go away. It looks like in this case it required Fox to make a statement that they got 'some facts wrong' in their story.So punitive damages were included in the settlement then?
Yep, All this proves to me is that if you have enough money for payoffs. You get to do whatever you want in this country.So 780b is the pricetag on the license to keep lying.
They could have gotten that by going to trial.