yet to see it on the Fox News websiteQuote:
Originally Posted by beachbound
Fox News - Breaking News Updates | Latest News Headlines | Photos & News Videos
:)
Printable View
yet to see it on the Fox News websiteQuote:
Originally Posted by beachbound
Fox News - Breaking News Updates | Latest News Headlines | Photos & News Videos
:)
That should have been a requirement of the settlement. That they have to do a retraction on their site.Quote:
Originally Posted by S Landreth
^I haven’t been following the Smartmatic case as closely, but there could be a clause (in a settlement agreement?) that requires Fox to admit their lies on their website.
"Dominion's litigation exposed some of the misconduct and damage caused by Fox's disinformation campaign," J. Erik Connolly, an attorney at Benesch, Friedlander, Coplan & Aronoff said in a statement. "Smartmatic will expose the rest."
https://twitter.com/semaforben/statu...19670565990400
Oh, goodie! I can not wait until some bozo like tucker has to admit they lied to his entire audience.Quote:
Originally Posted by S Landreth
That would be devastating.
What a great contribution Rupert has made - in the US, Britain and Australia.
He's a fucken disgrace and an australian ([at][at][at][at])
I'm shocked that Fox wasn't required to do an on-air retraction of the statements that proved to be lies. That would have been a non-negotiable term for me. Having said that, a 767.7 million dollar check is a heck of a retraction.
Fox has adopted Trump’s approach to Covid.
If you don’t talk about it, it will just go away.
I’d frame that settlement and hang it in the main Dominion office with banner above it stating: “The truth matters. Lies have consequences.”
Little deeper into Dominion. They (shareholders, management and employees) did well.
Staple Street Capital bought Dominion Voting Systems in 2018, with a $38 million equity check and an $80 million enterprise value. It might have been the best private equity deal ever.
Driving the news: Dominion yesterday agreed to drop its defamation lawsuit against Fox News, in exchange for $787.5 million.
- The settlement came just as opening arguments were set to begin, with high-profile witnesses like Rupert Murdoch waiting in the wings.
- Fox News acknowledged in a statement that the court found that it aired false claims about Dominion, but it did not apologize. The settlement does not require Fox News or anchors like Maria Bartiromo to tell on-air viewers about the falsehoods.
By the numbers: Denver-based Dominion will be required to pay taxes on its windfall, plus give a hearty portion to attorneys. But this is still a massive amount of cash for a company of its size.
- Dominion currently generates around $45 million in annual EBITDA, up from $10 million in 2018, according to comments this morning from Staple Street co-founder Hootan Yaghoobzadeh on CNBC.
- In terms of revenue, Forbes once reported that Dominion generated $118.3 million for the three-year period between 2017 and 2019.
- Fox Corp. has just over $4 billion of cash on hand, and may have an insurance policy that helps it defray some of the settlement costs.
- Fox News, meanwhile, remains subject to a $2.7 billion defamation complaint brought by election tech company Smartmatic. It also was recently sued by a former producer for allegedly trying to manipulate her pre-trial testimony in the Dominion case, and some shareholders reportedly are agitating for more records related to the Dominion situation.
The bottom line: Staple Street had a growth plan for Dominion, which the EBITDA increase indicates was successfully executed. But what moved this from a decent private equity deal into an all-timer were Fox's lies and Dominion's insistence on getting payback.
Quote:
Originally Posted by beachbound
sybille then.Quote:
Originally Posted by cyrille
Absolutely . . . excellent advertising for themQuote:
Originally Posted by S Landreth
I would have to leave space on that wall for upcoming wins. I was listening to the attorney for Dominion (Justin Nelson) yesterday afternoon and he still intends to go after Newsmax, OANN and some individuals.
I wonder what number Smartmatic are looking for?
Fox-Smartmatic defamation case: What to know
a big one
Can they go after individual oiks like Hannity etc... or can they hide behind the Fox mantle?Quote:
Originally Posted by S Landreth
Quote:
Originally Posted by panama hat
Oh there is plenty to come. They have lawsuits against Rudy Giuliani, Sidney Powell, Mike Lindell, Patrick Byrne, Newsmax and OANN.
Added: They're suing EACH ONE for between $1.3Bn and 1.6Bn.
In the 2nd link below :)Quote:
Originally Posted by panama hat
Quote:
Originally Posted by S Landreth
:rofl: brilliantQuote:
Originally Posted by harrybarracuda
Right, thanks.Quote:
Originally Posted by S Landreth
WashingtonCNN —
My Pillow CEO Mike Lindell has been ordered to shell out $5 million to an expert who debunked his data related to the 2020 election, according to a decision by the arbitration panel obtained by CNN.
Lindell, a purveyor of election conspiracies, vowed to award the multimillion-dollar sum to any cyber security expert who could disprove his data. An arbitration panel awarded Robert Zeidman, who has decades in software development experience, a $5 million payout on Wednesday after he sued Lindell over the sum.
CNN has obtained arbitration documents and video depositions, including a deposition of Lindell, related to the dispute.
“Based on the foregoing analysis, Mr. Zeidman performed under the contract,” the arbitration panel wrote in its decision. “He proved the data Lindell LLC provided, and represented reflected information from the November 2020 election, unequivocally did not reflect November 2020 election data. Failure to pay Mr. Zeidman the $5 million prized was a breach of the contract, entitling him to recover.”
My Pillow CEO Mike Lindell ordered to follow through with $5 million payment to expert who debunked his false election data | CNN Politics
I heard that not only his date did not prove his conspiracy theory about the 2020 election, but that it was not even date from that election , or any other election, it was a list of IP addresses and random numbers,Quote:
Originally Posted by harrybarracuda
This aholes would be funny if the situation was not so serious.
info is 1.1 minutes into the video.
Lindell on the hook for $5M after losing his own bet on bogus 2020 data - YouTube
I wouldn't be surprised if Fox agreed to shell out an additional 10 million or so to not have to publicly post a retraction!
I've not actually seen it before. It looks like nothing more than a packet capture, and would be fairly simple to decipher.Quote:
Originally Posted by Buckaroo Banzai
Wish I'd fucking known.
:rofl:
I was thinking the same LOL, and I don't think we are the only ones.Quote:
Originally Posted by harrybarracuda
I am sure the person who decipher it has lawyers working on contingency, so no skin off his nose, Take it to court Mike, it should be entertaining.
But I am sure he will also settle.
Precedent
- Smartmatic wants more than Dominion’s $787 million payout, plus a retraction from Fox for its 2020 election lies, lawyer says
A top lawyer for Smartmatic, the voting technology company whose defamation lawsuit against Fox News is still pending, said Thursday that he won’t accept any settlement smaller than the $787 million Fox agreed to pay Dominion, and that his client needs a “full retraction” from the right-wing network disavowing the lies it spread about the 2020 presidential election.
“They need to get an apology. They need to get a full retraction,” Smartmatic lawyer Erik Connolly told CNN’s Jake Tapper on “The Lead.”
That is something Dominion Voting Systems wasn’t able to extract from Fox as part of its historic $787 million settlement, which was clinched Tuesday, as the trial was on the brink of opening statements. (But in a press release, Fox publicly “acknowledged” that the judge in that case had concluded that all 20 on-air statements that Dominion sued over were false.)
Connolly said Smartmatic is “looking to take this case through trial” and wants “the vindication of a jury verdict in their favor.” But if there were to be an out-of-court settlement, the deal would need to include the retraction plus a payout larger than the massive sum that Dominion got.
People walk by the News Corporation headquarters, home to Fox News, on April 18, 2023 in New York City. Moments before opening arguments were set to begin this afternoon, Fox News and Dominion Voting Systems said that they had reached a settlement of $787 million in the voting machine company's defamation lawsuit against Fox.
“That set down a marker and it’s a marker that we think we should be exceeding,” Connolly said. “The scope of the damage done to Smartmatic is a global scale, because we operate globally… $787 million is a good start. But it’s not the right finishing point.”
Nice . . .Quote:
Originally Posted by S Landreth