Fox Investor Litigation Leadership Fight in Delaware: Explained

The stakes are high for the law firms competing to take the lead in litigation blaming Rupert Murdoch and other Fox Corp. senior leaders for leaving the conservative news network vulnerable to potentially billions of dollars in liability.

Any damages awarded after a trial or in a settlement would be paid into Fox’s corporate coffers by its directors or their insurers, regardless of which team of shareholders is named the lead plaintiff in a consolidated lawsuit following a hearing Thursday in Delaware’s Court of Chancery. But considering some of the eye-watering attorneys’ fees sought—and in some cases approved—in recent Delaware ...