That reporter, the Huffington Post's Yashar Ali, wrote on Twitter that he received his summons August 9, adding that Bolling wants $50 million in damages due to defamation brought forth from the article.
Bolling's suspension from Fox News happened after Yashar cited more than a dozen sources last Friday to report that the Fox News host texted female Fox News colleagues an "unsolicited" photo of his penis.
As Ali's court notice began circulating on Wednesday, Bolling also tweeted: "I will continue to fight against these false smear attacks!" Asked for comment about the lawsuit, a Fox News spokesperson did not provide further comment other than noting he is still suspended.
On Wednesday, the reporter tweeted that he stands by his story and will protect his sources.
The firm representing Bolling, Kasowitz Beson Torres LLP, is that of President Donald Trump's personal attorney, Marc Kasowitz.
Ali also wrote that he is not going to stop reporting on Bolling "or anyone else". The outlet did not respond to a question about whether it will assist Ali with his legal defense even though it is not named in the summons.
Fox News said that an investigation 'is now underway, ' with attorney Paul Weiss leading the proceedings.
The publication said that two female colleagues at the Fox Business Network and one co-worker at Fox News were the recipients of the tawdry text.
Michael Bowe, an attorney for Bolling, told CNNMoney, "This anonymously sourced and uncorroborated story is false, defamatory, and obviously meant to destroy this good man's career and family". Bolling's attorney said "the anonymous, uncorroborated claims are untrue and terribly unfair", but that they meant to fully cooperate with the investigation.
Bolling tweeted Monday that he looks forward "to clearing his name" as soon as possible.
"Overwhelmed by all the support I have received", he wrote on Twitter.
"Once, he took me up to his office in NY", she continued, "showed me his baseball jerseys, and in the brief time I was there, let me know that his office was his favorite place to have sex".
Top-rated host Bill O'Reilly was forced out of the network after The New York Times reported that he paid $13 million to settle with five different women who accused him of sexual harassment.
Bolling first joined Fox News in 2008 after leaving CNBC, hosting the Saturday morning business show hosts "Cashin" In' at 11.30am.