{"id":1917150,"date":"2023-04-20T10:26:08","date_gmt":"2023-04-20T14:26:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dominion-voting-owner-says-fox-held-accountable-even-without-apology\/"},"modified":"2023-04-20T10:30:35","modified_gmt":"2023-04-20T14:30:35","slug":"dominion-voting-owner-says-fox-held-accountable-even-without-apology","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dominion-voting-owner-says-fox-held-accountable-even-without-apology\/","title":{"rendered":"Dominion Voting owner says Fox held accountable even without apology"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdominion-voting-owner-says-fox-held-accountable-even-without-apology%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1917150&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p>By Svea Herbst-Bayliss and Helen Coster<\/p>\n<p>NEW YORK (Reuters) \u2013     The co-head of the private equity firm that owns Dominion Voting Systems said the company\u2019s $787.5 million settlement with Fox Corp held Fox accountable for spreading lies even if it did not apologize or admit wrongdoing. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>\u201cWe exposed the truth and we did create accountability for their actions,\u201d Staple Street Capital\u2019s co-founder and managing director Hootan Yaghoobzadeh told Reuters in an interview on Wednesday.<\/p>\n<p>Staple Street and its investors are poised for a big windfall from the voting machine operator\u2019s settlement with the parent of Fox News, equivalent to 20 times the $38.3 million the New York-based private equity firm paid to acquire a 76.2% stake in Dominion in 2018. <\/p>\n<p>Dominion accused Fox News of spreading lies that its ballot-counting machines facilitated fraud in the 2020 U.S. presidential election won by Joe Biden, a Democrat, against then-President Donald Trump, a Republican.<\/p>\n<p>A judge ruled that Fox News had indeed broadcast false claims, but the two sides settled their dispute on the first day of the trial, before a jury got to decide whether Fox had defamed Dominion, which sought $1.6 billion in damages. <\/p>\n<p>The settlement came with no apology or admission of wrongdoing on behalf of Fox, just an acknowledgement of the court\u2019s rulings finding some claims about Dominion to be false.<\/p>\n<p>Yaghoobzadeh said that the exhibits in court filings that came to light through the legal discovery process showed that Fox was operating in a \u201cdespicable\u201d manner. The exhibits came from a trove of internal communications in which Fox Chairman Rupert Murdoch and other Fox figures privately acknowledged that the vote-rigging claims made about Dominion on air were false.<\/p>\n<p>Dominion and Staple Street achieved their goals by exposing the truth and Fox News\u2019 \u201coffensive\u201d actions and getting the media company to pay for them, Yaghoobzadeh said. \u201cWe don\u2019t control Fox,\u201d he added. <\/p>\n<p>In a statement following Tuesday\u2019s settlement, Fox said it was committed to the highest journalistic standards. In response to Reuters\u2019 request on Wednesday for comment on Yaghoobzadeh\u2019s description of its practices and the impact of the settlement, a Fox spokesperson repeated its earlier statement on the settlement.\u00a0<\/p>\n<p>RANGE OF INVESTMENTS <\/p>\n<p>Staple Street was founded in 2009 by Yaghoobzadeh, a Cerberus Capital Management veteran, and Stephen Owens, a former Carlyle Group Inc dealmaker. It invests in companies in a range of sectors, including financial services, healthcare and chemicals. It has about $900 million in assets under management. <\/p>\n<p>Yaghoobzadeh said Staple Street invested in Dominion because it was convinced that Chief Executive John Poulos had a strong vision for the company and was a \u201cphenomenal entrepreneur\u201d, ready to grow internationally and add market share.<\/p>\n<p>Following the 2020 election, Fox News broadcast unsubstantiated claims from advisers and supporters of Trump that Dominion helped flip votes that were cast for Trump to  Biden.<\/p>\n<p>The fallout was immediate. Yaghoobzadeh, whose family had emigrated to the United States from Iran, said he received voicemails with death threats and that his worried parents showed up on his doorstep to urge him to flee the country for his safety. \u201cWe were afraid to leave the house,\u201d he said.<\/p>\n<p>Yaghoobzadeh recalled being uncomfortable having to reassure Staple Street\u2019s investors that Dominion did not rig the presidential election.<\/p>\n<p>\u201cThat\u2019s not a great way to start a meeting,\u201d he said, adding investors largely stuck by the firm and were supportive.<\/p>\n<p>\u2018CREATIVE\u2019 LEGAL ARRANGEMENT<\/p>\n<p>Staple Street helped Dominion select lawyers and formulate a strategy to defend against the false claims. Dominion funded the litigation through its own resources, without Staple Street or a third party providing financial backing, Yaghoobzadeh said. He declined to say how much of the settlement would go towards legal fees.  <\/p>\n<p>\u201cWe had to be resourceful and creative and structure arrangements with the law firms that enabled us to do this,\u201d Yaghoobzadeh said, without elaborating.<\/p>\n<p>Yaghoobzadeh also declined to comment on how much of the settlement would go to taxes or be paid to Dominion employees, who own minority stakes in the business. He also said he did not know what Staple Street\u2019s profit on the settlement would be, but added that the private equity firm had scored higher returns on at least one other investment. <\/p>\n<p>\u201cI haven\u2019t even calculated what our return is on this investment yet. But I don\u2019t think this is going to rank to be our best-returns investment,\u201d Yaghoobzadeh said.<\/p>\n<\/p>\n<p> (Reporting by Svea Herbst-Bayliss and Helen Coster in New York; Editing by Greg Roumeliotis and Grant McCool)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/dominion-voting-owner-says\/attachment\/file-photo-the-fox-news-electronic-ticker-is-seen-at\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Two Alabama teens face murder charges in the deadly shooting at a sweet-16 birthday party. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>30 years ago, a siege in Waco, Texas left four federal agents and 82 civilians dead.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>In this Wednesday Recap Frank Ocean drops out of Coachella weekend 2, a group\u00a0of divers make a historic underwater discovery &#038; Alec Baldwin\u2019s \u2018Rust\u2019 film will resume.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A new Democrat is looking to challenge Joe Biden and what the party has become. Meanwhile, the fates of a popular abortion pill and an unpopular police reform bill are placed in limbo.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI\u2019s ChatGPT are complicating governments\u2019 efforts to agree on laws governing\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BEIJING (Reuters) \u2013 China\u2019s gaming regulator on Thursday granted publishing licenses to 86 domestic online games, including titles belonging to Alibaba, Baidu\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Yimou Lee and Sarah Wu TAIPEI (Reuters) -Chipmaker TSMC, a major Apple supplier, forecast a 16% plunge in sales for the\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Heekyong Yang SEOUL (Reuters) -The South Korean government and its top battery companies plan to jointly invest 20 trillion won ($15.1\u2026 <\/p>\n<\/p><\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Svea Herbst-Bayliss and Helen Coster NEW YORK (Reuters) \u2013 The co-head of the private equity firm that owns Dominion Voting Systems said the company\u2019s $787.5 million settlement with Fox Corp held Fox accountable for spreading lies even if it did not apologize or admit wrongdoing. \u201cWe exposed the truth and we did create accountability<\/p>\n","protected":false},"author":66,"featured_media":1917151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[18952,5447,6276,7690,5646,6263,4351],"class_list":["post-1917150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-accountable","tag-apology","tag-dominion","tag-fox","tag-held","tag-owner","tag-voting"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1917150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1917150"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1917150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1917151"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1917150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1917150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1917150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}