The lawsuit alleges that Fox schemed with private equity giant Apollo Global Management to strip the assets of "Idol" producer Core Media to the detriment of lenders, the Hollywood Reporter reported. Looking to save itself in a lawsuit that demands $240 million in compensatory damages and more in punitive damages, 21st Century Fox has told a judge that American Idol lenders are seeking to blame others for their high risk loans that didn't pan out. The complaint was filed in Dec. 2016 by the litigation trustee of former Idol producer Core Media Group, which declared bankruptcy and was then taken over by financial firms that had once extended $360 million in loans. Core filed for chapter 11 after ratings for Idol tanked, causing Fox to cancel the singing competition show, which will soon reboot on ABC.