Dominion’s lawsuit seeks $1.6 billion in compensatory damages, an amount experts say would likely be whittled down substantially depending on the jury’s judgment or in an out-of-court settlement.
will determine whether Fox Corp. can be held liable for false claims made on Fox News, the media company’s namesake cable TV property, that Dominion’s voting machines were used to rig the 2020 presidential election.
In theory, Lidsky said, the jurors could also impose punitive damages to punish Fox for “extremely wrongful conduct” and award an even higher financial penalty than Dominion asked for. But she said she had seen no evidence “thus far that suggests there are going to be damages at that magnitude, even though the damages may be very large.”
Wall Street analysts say the publicly traded company’s stock is likely to take a hit as a result of the suit. The Fox spokesperson didn’t comment on the business impact of any damages it might have to shoulder or on its stock outlook. “It’s measurably hurting the company. The stock price is down. Not a joke,” Carlson texted on Nov. 12, 2020.
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