(Rupert) Murdoch sued for nepotism over £400m deal for daughter's firm

Snoutport

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Fri Mar-18-11 01:28 AM
Original message

(Rupert) Murdoch sued for nepotism over £400m deal for daughter's firm

Source: Independent U.K.

Rupert Murdoch's News Corp is being sued by shareholders for the alleged "nepotism" of buying his daughter Elisabeth's television production company Shine for more than £400m. The Amalgamated Bank of New York (ABNY) and the Central Labourers Pension Fund (CLPF), both shareholders in News Corp, have filed complaints that accuse the media mogul of treating the business "like a wholly-owned family candy store".

Read more: http://www.independent.co.uk/news/media/tv-radio/murdoch-sued-for-nepotism-over-163400m-deal-for-daughters-firm-2245354.html

Another lawsuit for Murdoch is never a bad thing.

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aquart

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Fri Mar-18-11 01:44 AM
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1. Every little bit helps.

Edited on Fri Mar-18-11 01:44 AM by aquart

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bemildred

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Fri Mar-18-11 08:54 AM
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2. Cool.

:popcorn:

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Snoutport

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Fri Mar-18-11 10:28 AM
Response to Reply #2

3. YES! Americans don't care much about this story but if murdoch goes down, so does FOX

and that should be very important to all of us!

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Uncle Joe

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Fri Mar-18-11 10:37 AM
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4. Kicked and recommended.

Thanks for the thread, Snoutport.

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apnu

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Fri Mar-18-11 10:41 AM
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5. Wow. And its getting picked up elsewhere. Here's a link to it on the Reuters wire

http://www.reuters.com/article/2011/03/17/us-newscorp-lawsuit-idUSTRE72G2ZH20110317

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Snoutport

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Fri Mar-18-11 12:37 PM
Response to Reply #5

6. finally! since murdoch owns so many media companies there has been little coverage!

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