Fox Establishes Board to Review the Review of the Documents It Was Ordered to Hand Over
The company says compliance is proceeding smoothly, once the committee finishes reviewing whether the committee reviewed things correctly.
Fox Corp. announced Tuesday that it has fully complied with a court order to produce hundreds of documents, adding that the documents themselves are now the subject of a newly formed internal panel tasked with reviewing whether they were reviewed properly prior to submission.
The panel, known internally as the Document Review Review Board, held its first meeting to determine whether the documents met the standard required to be reviewed by the board that would determine whether they met the standard. No documents were examined during the meeting, which was itself scheduled to be reviewed at a later date.
A company spokesperson described the process as thorough. "We take document integrity extremely seriously," the spokesperson said, "which is why no document leaves this building until it has been reviewed by a board whose only qualification is reviewing other reviews."
The court has not yet received any of the ordered materials, though it has reportedly received a memo confirming that a memo about receiving the materials is being drafted. Legal observers note that at the current pace, the review of the review of the review could conclude sometime after the underlying case does.
Fox maintains that the arrangement in no way delays the shareholders' case, noting only that the board reviewing the board reviewing the documents has itself been placed under review.