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91. Here's another IMPORTANT reason why Dominion may have taken the cash

Wed Apr 19, 2023, 11:14 AM

Apr 2023

From Reuters:
https://www.reuters.com/legal/foxs-7875-million-settlement-is-big-win-buyout-firm-staple-street-2023-04-18/]

April 18 (Reuters) - Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787.5 million windfall after Fox Corp (FOXA.O) settled a defamation lawsuit brought by the voting machine operator.

The amount is equivalent to 20 times the $38.3 million the New York-based private equity firm paid in 2018 to acquire a 76.2% stake in Dominion. Staple Street has $900 million in assets under management, according to its website.

Mark Hauser, managing partner of Hauser Private Equity, welcomed the settlement news.

"We are very pleased with the outcome and think that Staple Street has handled the situation very well on behalf of their investors. We’ve had a relationship with Staple Street since 2014 and think highly of their management team," he said.

Seems like a private equity owner was more interested in the cash for its investors than one realizes.

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Highlight:

Live Updates: Fox News Settles Defamation Suit, Averting Trial [View all] Drum Apr 2023 OP

Somebody blinked Marthe48 Apr 2023 #1

I'm sure it was Fox. Mr.Bill Apr 2023 #3

And they ll go right on lying like hell Beachnutt Apr 2023 #5

I suspect the additional evidence agingdem Apr 2023 #10

Many millions and moniss Apr 2023 #24

I should proof my posts...thank you agingdem Apr 2023 #42

I hope after these other lawsuits moniss Apr 2023 #49

They won't apologize. The Grand Illuminist Apr 2023 #39

I predict FOX will declare victory... agingdem Apr 2023 #46

I doubt it too Rebl2 Apr 2023 #16

Doubtful Rebl2 Apr 2023 #20

787.5 million. Scrivener7 Apr 2023 #32

They just about met in the middle. Mr.Bill Apr 2023 #33

Both sides blinked. former9thward Apr 2023 #68

What really sux about all this is we have to pay for that lawsuit SouthernDem4ever Apr 2023 #72

Shit. mobeau69 Apr 2023 #2

I'll second that rurallib Apr 2023 #13

I know. I was so hoping that Dominion would hold firm. AGH! crickets Apr 2023 #29

Here is the link BumRushDaShow Apr 2023 #4

Here's a Reuters story: Lasher Apr 2023 #6

CBS News has a non-"live updates" / non-paywall story BumRushDaShow Apr 2023 #7

good for dominion, bad for America Layzeebeaver Apr 2023 #8

Yes InstantGratification Apr 2023 #15

Being forced to tell the complete truth in front of a judge, Fox settles. N/T applegrove Apr 2023 #9

Dominion has more cases to file they say. They are about voting systems. applegrove Apr 2023 #30

They likely will go after the liars like Powell, Ghouliani etc. moniss Apr 2023 #51

Yay!! onetexan Apr 2023 #71

And they're suing the My Pillow guy, Mike Lindell. nt SunSeeker Apr 2023 #86

Lots of liars to choose from ExWhoDoesntCare Apr 2023 #75

Thank goodness, justice is averted again! Chainfire Apr 2023 #11

And once again rich white men buy their way out of a jam. rurallib Apr 2023 #14

All the justice money can buy. Chainfire Apr 2023 #18

Right. Who knows what evil would be unleashed if there was real justice. old guy Apr 2023 #55

This message was self-deleted by its author old guy Apr 2023 #56

No!! We wanted a trial to show the world what liars Faux News is! sinkingfeeling Apr 2023 #12

If they don't know by now they refuse to know. mobeau69 Apr 2023 #19

Would have really enjoyed this going to trial, but ToxMarz Apr 2023 #17

Next up, Smartmatic. Mr.Bill Apr 2023 #21

I expect that Dominion got a fat check, and Fox got favorable terms Shermann Apr 2023 #22

Damn Wild blueberry Apr 2023 #23

And yet again... MustBeTheBooz Apr 2023 #25

The judge imposed a special master to investigate Fox's actions. oldsoftie Apr 2023 #26

The shame is moniss Apr 2023 #27

Right? ShazzieB Apr 2023 #77

And here is Fox's website acknowledging the settlement (/sarcasm) ificandream Apr 2023 #28

Exactly. mwooldri Apr 2023 #37

ABC news stream saying $787 million settlement BumRushDaShow Apr 2023 #31

Fox has $4B cash on hand. $787.5M is the cost of doing business for Fox. SunSeeker Apr 2023 #44

I had seen an analysis the other day BumRushDaShow Apr 2023 #54

I wonder Quanto Magnus Apr 2023 #62

Dominion gets a pile of cash, but FOX is the real winner here...unless they had to admit wrongdoing. patphil Apr 2023 #34

They admitted it in their statement and pooped "highest standards" on top of the admission. . nt Bernardo de La Paz Apr 2023 #38

During the press statement BumRushDaShow Apr 2023 #40

Good, at least we get that much. patphil Apr 2023 #45

Almost all civil settlements like this BumRushDaShow Apr 2023 #60

I wonder if any evidence Dominion had that we haven't heard can be made public? Ligyron Apr 2023 #35

Dominion-Fox News live updates: Settlement reached for $787.5 million BumRushDaShow Apr 2023 #36

Will Fox have to admit they lied and announce on all shows they lied kimbutgar Apr 2023 #41

Nope. No admission. No apology. SunSeeker Apr 2023 #48

Thats bull shit! kimbutgar Apr 2023 #50

They actually admitted "publicly' BumRushDaShow Apr 2023 #58

No, they absolutely did not say they "agreed" with the ruling. SunSeeker Apr 2023 #81

Probably 99% of civil settlements BumRushDaShow Apr 2023 #83

Lawrence O'Donnell made me feel a lot better tonight. SunSeeker Apr 2023 #85

Excellent! BumRushDaShow Apr 2023 #89

The plaintiff was a corporation. SunSeeker Apr 2023 #82

They did acknowledge that the court's rulings that they lied were accurate. TwilightZone Apr 2023 #57

"We acknowledge" does not mean "we agree with." Weasels to the end. n/t thesquanderer Apr 2023 #73

Fox "acknowledged" a ruling. That just means they admit the ruling exists. SunSeeker Apr 2023 #80

There is an illusive benefactor(s) involved. The Grand Illuminist Apr 2023 #43

From Stephanie Ruhle's twitter feed ... aggiesal Apr 2023 #47

I am so... FeelingBlue Apr 2023 #52

They did admit it BumRushDaShow Apr 2023 #59

When this broke, Fox continued covering the "border crisis." Figures. Vinca Apr 2023 #53

Will they ever mention this in their coverage? If so, they'd probably spin it as a victory for Fox. TheRickles Apr 2023 #61

Damn - what am I gonna do with all this popcorn? Nelliedog Apr 2023 #63

Faux as usual is using weasel words moniss Apr 2023 #64

so they admit that they lied. but there was no public trial about their bullshit Javaman Apr 2023 #65

What about Rudy and Pillow Guy? twodogsbarking Apr 2023 #66

Dominion's lawyers said they are going after them next. nt SunSeeker Apr 2023 #87

Most cases are settled out of court. nycbos Apr 2023 #67

Yesterday I predicted they would settle soon Major Nikon Apr 2023 #74

I didn't think you needed a unanimous verdict in civil cases? nycbos Apr 2023 #76

Generally speaking, no Major Nikon Apr 2023 #88

Because of the amount required? nycbos Apr 2023 #90

I have no idea Major Nikon Apr 2023 #92

ratz trof Apr 2023 #69

money talks republianmushroom Apr 2023 #70

I wonder if they settled for fear that a trial might also reveal collusion with the Trump campaign? cstanleytech Apr 2023 #78

You couldn't find a site that's not paywalled? Mosby Apr 2023 #79

K & R.... Thank You for Posting This Stuart G Apr 2023 #84

Here's another IMPORTANT reason why Dominion may have taken the cash Wonder Why Apr 2023 #91