Newsmax Inc., listed as NMAX on NYSE, recently initiated a federal antitrust lawsuit against Fox Corporation, listed as FOX and FOXA on NASDAQ, and Fox News Network. The lawsuit was filed in the United States District Court for the Southern District of Florida. However, a federal judge swiftly dismissed Newsmax's antitrust lawsuit against Fox News just a day after its filing. The complaint included five counts alleging violations, with the latter four counts incorporating all previous allegations, resulting in what was deemed an impermissible "shotgun pleading." The lawsuit accused Fox of unlawful activities to hinder competition in the market for right-leaning pay television news, which includes Newsmax. The suit aimed to address the issue of monopoly in this sector. An article with more details on this development can be found on Benzinga.com.