21st Century Fox reaches $90 million settlement in sexual harassment case

The Hill reports:

21st Century Fox reached a $90 million settlement on Monday regarding shareholder claims from sexual misconduct accusations at the Fox News Channel, which is owned by 21st Century Fox.

Reuters reports the settlement says the insurers of Fox News, as well as the estate of late chairman and CEO Roger Ailes, are to pay the company $90 million to benefit its shareholders.

The settlement works to resolve derivative claims against key figures in the news organization, including Ailes' estate, acting CEO Rupert Murdoch, and Murdoch's son, Lachlan.

The defendants did not admit to wrongdoing in the settlement, which needs a judge's approval, according to the publication.

Money...