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Probe centers on whether Fox should have told investors about settlements involving ex-Fox News CEO Roger Ailes

Probe centers on whether Fox should have told investors about settlements involving ex-Fox News CEO Roger Ailes

Whether Rupert Murdoch’s 21st Century Fox lands in hot water with federal prosecutors over payments made to resolve sexual harassment claims at Fox News could boil down to a few key issues:

Were Murdoch and other high-level corporate officers aware of the payments, and did they conspire to shield the alleged misconduct within Fox News from investors? How many and how large were the payments made by former Fox News Chairman and Chief Executive Roger Ailes?

A former prosecutor and a corporate governance expert said Thursday that companies have a legal obligation to disclose matters that would be material to investors.

“Corporations...

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