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Herbert tosses 3 TD passes and Chargers secure a playoff spot with a 40-7 rout of Patriots
In a shocking turn of events, the case of the murdered CEO of a major insurance company has seen a significant breakthrough with the arrest of a suspect. The CEO, who was a prominent figure in the insurance industry, was found dead in his office last month, sending shockwaves through the business community.Canopy Growth and Acreage Provide Update on Closing Timeline
Baltimore quarterback Lamar Jackson, the reigning NFL Most Valuable Player, leads fan balloting for the 2025 NFL Pro Bowl Games after one week of voting, the league announced on Monday. Ravens superstar Jackson set the overall pace with 44,681 votes followed by teammate Derrick Henry, the running back leader, in second overall at 40,729 votes. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.WILMINGTON, Del. (AP) — Attorneys for Fox Corp. asked a Delaware judge Friday to dismiss a shareholder lawsuit seeking to hold current and former company officials personally liable for the financial fallout stemming from Fox News reports regarding alleged vote rigging in the 2020 election. Five New York City public employee pension funds, along with Oregon’s public employee retirement fund, allege that former chairman Rupert Murdoch and other Fox Corp. leaders deliberately turned a blind eye to liability risks posed by reporting false claims of vote rigging by election technology companies Dominion Voting Systems and Smartmatic USA. Smartmatic is suing Fox News for defamation in New York, alleging damages of $2.7 billion. It recently settled a lawsuit in the District of Columbia against One America News Network, another conservative outlet, over reports of vote fraud. Dominion also filed several defamation lawsuits against those who spread conspiracy theories blaming its election equipment for Donald Trump’s loss in 2020. Last year, Fox News settled a defamation lawsuit filed by Dominion in Delaware for $787 million. The shareholder plaintiffs also allege that Fox corporate leaders ignored “red flags” about liability arising from a 2017 report suggesting that Seth Rich, a Democratic National Committee staffer, may have been killed because he had leaked Democratic party emails to Wikileaks during the 2016 presidential campaign. Rich, 27, was shot in 2016 in Washington, D.C., in what authorities have said was an attempted robbery. Fox News retracted the Seth Rich story a week after its initial broadcast, but Rich’s parents sued the network for falsely portraying their son as a criminal and traitor. Fox News settled the lawsuit in 2020 for “millions of dollars,” shortly before program hosts Lou Dobbs and Sean Hannity were to be deposed, according to the shareholder lawsuit. Joel Friedlander, an attorney for the institutional shareholders, argued that Fox officials waited until the company’s reporting about Rich became a national scandal before addressing the issue. Similarly, according to the shareholders, corporate officials, including Rupert Murdoch and his son, CEO Lachlan Murdoch, allowed Fox News to continue broadcasting false narratives about the 2020 election, despite internal communications suggesting that they knew there was no evidence to support the conspiracy theories. “The Murdochs could have minimized future monetary exposure, but they chose not to,” Friedlander said. Instead, he argued, they engaged in “bad-faith decision making” with other defendants in a profit-driven effort to retain viewers and remain in Trump’s good graces. “Decisions were made at the highest level to promote pro-Trump conspiracy theories without editorial control,” Friedlander said. Defense attorneys argue that the case should be dismissed because the plaintiffs filed their lawsuit without first demanding that the Fox Corp. board take action, as required under Delaware law. They say the plaintiffs also failed to demonstrate that a pre-suit demand on the Fox board would have been futile because at least half of the directors face a substantial likelihood of liability or are not independent of someone who does. Beyond the “demand futility” issue, defense attorneys also argue that allegations that Fox officials breached their fiduciary duties fail to meet the pleading standards under Delaware and therefore should be dismissed. Defense attorney William Savitt argued, for example, that neither the Rich settlement, which he described as “immaterial,” nor the allegedly defamatory statements about Dominion and Smartmatic constitute red flags putting directors on notice about the risk of defamation liability. Nor do they demonstrate that directors acted in bad faith or that Fox “utterly failed” to implement and monitor a system to report and mitigate legal risks, including defamation liability risk, according to the defendants. Savitt noted that the Rich article was promptly retracted, and that the settlement included no admission of liability. The Dominion and Smartmatic statements, meanwhile, gave rise themselves to the currently liability issues and therefore can not serve as red flags about future liability risks, according to the defendants. “A ‘red flag’ must be what the term commonly implies — warning of a risk of a liability-causing event that allows the directors to take action to avert the event, not notice that a liability-causing event has already occurred,” defense attorneys wrote in their motion to dismiss. Defense attorneys also say there are no factual allegations to support claims that Fox officials condoned illegal conduct in pursuit of corporate profits, or that they deliberately ignored their oversight responsibilities. They note that a “bad outcome” is not sufficient to demonstrate “bad faith.” Vice Chancellor J. Travis Laster is expected to rule within 90 days. Randall Chase, The Associated Press
Kashmir University on Sunday postponed all exams scheduled for Monday because of the inclement weather. The information was shared by the institution in a statement. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for University spokesperson said new dates for the postponed exams will be notified later. Kashmir received heavy snowfall on Friday and Saturday, resulting in some areas of the valley getting cut off. Snow has been cleared from main highways and arterial roads, butthe work is still on in some of the remote areas of the Union Territory. Snowfall in Kashmir The Kashmir Valley received the season's heaviest snowfall on Saturday which threw normal life out of gear, affecting air, rail and road traffic as well as disrupting power and water supply, officials said. Chief minister Omar Abdullah reviewed the snow clearance operations in a video conference meeting with all deputy commissioners. 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In South Kashmir, heavy to very heavy snowfall was recorded in the plains, while central Kashmir's plains received moderate snowfall. The plains of North Kashmir received light to moderate snowfall, officials said. The upper areas of the South Kashmir district received over two feet of snow, they added. Though the snowfall was welcomed by locals and tourists, it threw daily life out of gear. (You can now subscribe to our Economic Times WhatsApp channel )As the naturalization progress of these players continues to unfold, all eyes are on the Indonesian football authorities to provide clarity and transparency on the selection process. The decision to include foreign-born players in the national team is a significant one that requires careful consideration and communication to ensure the support and understanding of fans and stakeholders.
As global investors recalibrate their portfolios and strategies to align with the shifting dynamics of the Chinese market, one thing is certain - the traditional paradigms of investment are being redefined by the unyielding force of innovation and adaptability. The symbiotic relationship between Wall Street funds and the Chinese market underscores the interconnectedness of global finance, showcasing the power of collaboration and cross-border investments in driving sustainable growth and prosperity.
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