Leaders.com
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
Investing

Dominion lawyers left the courthouse Tuesday happy with a $787 million settlement (Alex Wong/Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Apr 19, 2023

Fox’s Loss Is Dominion’s (Massive) Gain 

Fox News Corp’s settlement with Dominion Voting Systems is good news for equity partners and investors in the voting company.

Key Details

  • The case of Dominion Voting Systems Vs. Fox Corp was settled out of court at the last minute, with Fox News Corp agreeing to pay Dominion Voting Systems $787 million and admitting guilt. 
  • Staple Street co-founder Hootan Yaghoobzadeh, which owns Dominion Voting Systems, says the settlement proceeds will be distributed to company shareholders. 
  • The settlement has unintentionally turned Staple Street’s investment in Dominion into one of the most successful private equity deals of all time, Axios reports. 

Why It’s News 

Staple Street Capital purchased Dominion in 2018 for $38 million, valuing the company at $80 million. Dominion generates $45 million in annual revenue—which is less than 10% of what it will generate from the settlement after taxes and legal fees. The sudden flush of settlement money has turned the initially modest investment into a significant cash flow for investors, Axios notes. 

The lawsuit emerged from the aftermath of the 2020 election, where right-leaning news networks like Fox News, OAN, and Newsmax repeated President Donald Trump’s claims that the election had been stolen. These claims were repeatedly argued before Congress and the Supreme Court, which found their claims to be insufficient or unsubstantiated. 

Dominion Voting Systems and fellow voting company Smartmatic have moved aggressively against such claims, arguing that election conspiracies have cost the company billions of dollars, resulting in threats against staff, and reputational damage. Fox remains the subject to a second, $2.7-billion lawsuit from Smartmatic. Dominion has several additional lawsuits filed against Newsmax, OAN, and individuals involved in the “stop the steal” campaign, such as Trump lawyer and former New York City Mayor Rudy Giuliana and attorney Sidney Powell. 

Dominion had been seeking $1.6 billion in the suit, before the two sides settled on $787 million minutes before the trial was set to commence on Tuesday, April 17, 2023. 

Home / News / Fox’s Loss Is Dominion’s (Massive) Gain 
Share
FacebookTweetEmailLinkedIn

Related Stories

Wall Street Makes $100 Billion Bet on Weight Loss Pills

by PJ Howland Leaders Staff
Investing

Oct 25, 2023

Ozempic

Investor optimism around a potential blockbuster obesity drug by Structure Therapeutics led to soaring share prices across the weight-loss pharma sector.

Key Details

  • Structure Therapeutics' stock jumped 35% after reporting positive results from early clinical trials of a once-daily weight-loss pill.
  • The experimental drug helped participants lose about 5% of their body weight over one month without side effects, although there are concerns with Ozempic.
  • Analysts predict the global anti-obesity medication market could reach sales of $100 billion by 2030, up from $71 billion currently.
  • With promising growth prospects, investors are betting on companies developing new weight loss drugs like Structure, Eli Lilly, Novo Nordisk, and Pfizer.

Go deeper

FacebookTweetEmailLinkedIn

Seattle Takes The Crown For Advanced Tech Talent

by PJ Howland Leaders Staff
Tech

Oct 24, 2023

Seattle tech talent

Seattle has emerged as the metro area with the most advanced tech talent, beating out tech hubs like San Francisco and Silicon Valley.

Key Details

  • According to a new ranking by the Burning Glass Institute, Seattle has the highest proportion of advanced tech workers compared to other cities with similarly sized tech workforces.
  • The ranking evaluated 60 million high-paying, in-demand tech job postings and histories to identify cities with cutting-edge roles like AI and cybersecurity rather than legacy tech positions.
  • With tech giants Amazon and Microsoft headquartered in Seattle, the city edged out the San Francisco Bay Area, Boston, Austin, and Raleigh on the list.
  • The report found that demand for software developers and IT support specialists has declined over the past five years as companies seek more specialized tech talent.

Go deeper

FacebookTweetEmailLinkedIn

More Americans Can’t Keep Up With Car Payments

by Colin Baker Leaders Staff
Loans and Borrowing

Oct 23, 2023

car loans, used cars

A record number of Americans are behind on their car loan payments as higher interest rates and prices weigh on consumers.

Key Details

  • According to data from Fitch Ratings, 6.11% of car loans were at least 60 days delinquent in September, the highest since tracking began in the early 2000s.
  • Some interest rates on used cars can rise to as much as 21%, according to Bankrate.
  • Soaring prices and rising interest rates are squeezing consumers, making it difficult for some to keep up with their auto loans.

Go deeper

FacebookTweetEmailLinkedIn
Chevron Gas Deal
Markets

Oct 23, 2023

Chevron Makes $53 Billion Deal Amid Surging Gas Prices

by PJ Howland Leaders Staff
nike logo
Company Culture

Oct 20, 2023

Nike to Require More In-Office Days From Employees

by Colin Baker Leaders Staff
blue collar workers
Retirement

Oct 20, 2023

Explaining The ‘C+ Grade’ Retirement Ecosystem in The United States

by PJ Howland Leaders Staff

Recent Articles

Hiring

Nov 1, 2023

Learn the Winning Answers to the Most Common Phone Interview Questions

Come to your next phone interview fully prepared

Personal Growth

Oct 30, 2023

85 Quotes on Self-Love to Boost Your Self-Esteem

Don’t fall into the trap of harsh self-criticism

Company Culture

Oct 27, 2023

What is a Sabbatical? Your Ticket to Restful Growth and Meaning

Sabbaticals can benefits both employees and businesses

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2025 Leaders.com - All rights reserved.

Search Leaders.com