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Bound to be an ongoing snerk...
Shareholders Sue News Corp. Over Hacking Scandal
NEW YORK July 11, 2011 (AP) A group of News Corp. shareholders have sued the company over a phone-hacking scandal at its now-closed News of the World tabloid in London. The lawsuit accuses News Corp. of large-scale governance failures. It was filed late Friday in Delaware Chancery Court by shareholders led by Amalgamated Bank. Several municipal and union pension funds joined in the lawsuit. The shareholders own less than 1 percent of News Corp.'s stock combined. News of the World employees are accused of hacking into the phone of a missing 13-year-old girl, who was later found murdered. The lawsuit is part of an amended complaint. The shareholders are also challenging News Corp.'s acquisition of Shine Group Ltd., founded by the daughter of News Corp. CEO Rupert Murdoch - - - This is only the beginning. You can bet Murdochers everywhere are going to be investigated. |
#2
posted to rec.boats
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Bound to be an ongoing snerk...
On Mon, 11 Jul 2011 16:52:22 -0400, Harryk
wrote: Shareholders Sue News Corp. Over Hacking Scandal NEW YORK July 11, 2011 (AP) A group of News Corp. shareholders have sued the company over a phone-hacking scandal at its now-closed News of the World tabloid in London. The lawsuit accuses News Corp. of large-scale governance failures. It was filed late Friday in Delaware Chancery Court by shareholders led by Amalgamated Bank. Several municipal and union pension funds joined in the lawsuit. The shareholders own less than 1 percent of News Corp.'s stock combined. News of the World employees are accused of hacking into the phone of a missing 13-year-old girl, who was later found murdered. The lawsuit is part of an amended complaint. The shareholders are also challenging News Corp.'s acquisition of Shine Group Ltd., founded by the daughter of News Corp. CEO Rupert Murdoch - - - This is only the beginning. You can bet Murdochers everywhere are going to be investigated. Not with an American House in the hands of Republicans. They'll probably try to write a tax break into the IRS code!!! |
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