CompaniesBIO

Fox Corp. can most likely weather even the harshest financial penalty that could come from Dominion Voting Systems’ lawsuit, analysts say. The blockbuster trial — originally set to begin in a Delaware court on Monday before being unexpectedly delayed by one day — 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. Dominion’s lawsuit seeks $1.6 billion in compensatory damages, an amount that experts said would likely be whittled down substantially depending on the jury’s judgment or in an out-of-court settlement. Fox said in a court filing Sunday that it believed Dominion had lowered its requested damages to around $1 billion, but the voting machine company disputed that, saying it had not reduced its claim. The media giant contests any claims of liability or damages sought by Dominion, with a Fox spokesperson calling the ...

A federal judge has denied Theranos Inc. founder Elizabeth Holmes' request for a new trial , setting the stage for her sentencing on fraud charges later this month. U.S. District Court Judge Edward Davila issued a ruling late Monday stating Holmes failed to establish that government misconduct had occurred during her trial. Davila delayed Holmes' sentencing and granted an emergency hearing last month after a visit to Holmes' residence by a key witness came to light. The witness, former Theranos lab director Adam Rosendorff, had allegedly told Holmes' current partner, William “Billy” Evans, that he had  “done something wrong” during the trial with respect to his testimony. But at the emergency hearing Oct. 17, Rosendorff said Holmes “needs to pay her debt to society” for actions she committed while leading the company. trial _221004_1920x1080-ofqjw7.jpg"/> trial _221004_1920x1080-ofqjw7.jpg"/> Elizabeth Holmes sentencing delayed amid bid for new trial ...