Florida pension fund sues New York Times over editorial standards

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Florida's state-run public pension fund and a conservative think tank sued the New York Times Company on Wednesday, seeking company records to examine whether its board is ensuring compliance with editorial standards. The State Board of Administration of Florida, which oversees the Florida Retirement System Trust Fund, and the National Center for Public Policy Research are seeking access to the company's books and records, according to a court petition. The shareholders allege the board failed to maintain effective controls over journalistic standards, allowing those standards to be weaponized and contributing to biased and unreliable reporting. The petition cites claims by an unnamed former Times newsroom employee who allegedly raised concerns about anti-Israel bias and compliance with editorial standards, and it points to factual errors in Times reporting and a recent defamation verdict involving a former University of Alabama basketball player. The Times said the lawsuit has no merit and was brought for an improper purpose, calling it an attempt to pressure an independent media organization and chill journalism protected by the First Amendment. The plaintiffs had previously requested company documents in May, but the Times rejected the request, according to Bloomberg Law.

Impact on assets 1

Communication Services▼ · 1 stocks
New York Times Company
NYT
▼ NegativeRegulationrelevance

Shareholders sued the New York Times Company seeking books and records over alleged failure to maintain editorial standards controls.

Off-coverage companies 2

National Center for Public Policy ResearchPrivate± Mixed
Regulationrelevance

The National Center for Public Policy Research is a co-plaintiff in the lawsuit seeking company records from the Times.

State Board of Administration of FloridaPrivate± Mixed
Regulationrelevance

The State Board of Administration of Florida is a co-plaintiff in the lawsuit seeking company records from the Times.

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