How Dominion’s Owner Turned a $38 Million Investment Into a Windfall Settlement With Fox News
When Staple Street Capital invested in Dominion Voting Systems in 2018, the New York private-equity firm foresaw potential risks if the company’s voting machines malfunctioned. It didn’t imagine Dominion would be falsely accused of helping to rig a presidential election.
Dominion this week reached a $787.5 million settlement in its defamation suit against Fox News parent Fox Corp. over the network’s 2020 broadcasts that amplified false election-fraud charges. The settlement is a windfall for Staple…