Dominion is suing for 1.6 billion in their defamation case against Fox News. Google tells me they make an annual income of less then 100 million and their entire company is only valued at 80 million. To be frank, regardless of whether or not Fox is found liable of defamation it seems hard to believe that the alleged defamation from Fox News alone resulted in losses equal to twenty times Dominion's current net worth.
So I'm wondering if the filing specifies how Dominion came up with such a high number, and what their legal justification for it is. Do these sorts of lawsuit just always toss out some value known to be exaggerated expecting it to be lowered by the court even if they win, or - presuming they did win their lawsuit - would Dominion have reasonable expectation of being awarded the full 1.6 billion claim?