The investor behind Dominion Voting Systems just bagged a 1,400% return after Fox News settled its defamation suit for $788 million
Dominion initially sought $1.6 billion in damages from Fox News, but settled for about half that amount.
The potential gain for Staple Street from the Dominion/Fox News lawsuit was on the radar of employees at the investment firm. A text message between a former employee and Staple Street Capital vice president Dan Franklin was uncovered during the lawsuit, which said"would be pretty unreal if you guys 20x'ed your dominion investment with these lawsuits," the message said.
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Fox News, Dominion Voting Systems settle defamation lawsuit for $787MFox News parent Fox Corp. and Dominion Voting Systems agreed to settle their lawsuit for $787 million, avoiding a high-profile trial on he voting-machine firm’s claims.
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