As the world knows, 21 Century Fox settled multiple complaints about alleged sexual harassment by Roger Ailes. That was then. They seemed a pragmatic way to get rid of a problem, along with parting ways with Ailes.
Not so fast, the feds are saying. Members of the media are reporting that SEC rules may have been violated in those transactions. The corporation didn't disclose to shareholders that their funds were being used for that purpose. Also, the SEC was not informed.
Celebrity prosecutor Preet Bharara has this matter on his check-it-out list. In the process, the powerful Fox News brandname could take a hit.
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