Wednesday, August 9, 2017

Report: FNC Turned Down $60M Settlement Offer

The sexual harassment scandal at Fox News has cost its parent company 21st Century Fox tens of millions of dollars, untold reputational damage and some of its biggest personalities. And the drama is far from over.

The NYTimes is reporting Fox has turned-down an $60M offer.  At a confidential mediation proceeding in late July, the lawyer Douglas H. Wigdor asked for more than $60 million to settle several disputes with Fox News and 21st Century Fox, according to two people familiar with the matter. Wigdor proposed that the settlement be paid in a lump sum, giving him the discretion to distribute the payments, according to one of the people.

Those cases included gender-and racial-discrimination lawsuits against the company that Wigdor had filed on behalf of more than 20 current and former employees in the last several months and at least one explosive complaint that had not yet been made public.

The company would not accept Mr. Wigdor’s offer and no resolution was reached, said the people, who requested anonymity to discuss a confidential matter. Mr. Wigdor’s proposal to settle the disparate cases altogether is considered unusual, as it is rare that there are multiple suits with the same lawyer against the same party. Also, cases typically vary greatly in their merit, making them difficult to value as a group.

Read More Now

No comments:

Post a Comment