Shareholders sue News Corp. over hacking scandal

[xchrom]

http://hosted.ap.org/dynamic/stories/U/US_NEWS_CORP_LAWSUIT?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-07-11-13-08-47

NEW YORK (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.

[xchrom]

1. kick

[CleanGreenFuture]

2. Sweet!

[xchrom]

4. i thought so, too. nt

[TroglodyteScholar]

3. K/R

Rupert, this is proof positive that you are not only a despicable human being, but also a sorry-ass businessman.

[donco]

5. Does anyone know

what coverage (if any) fox snooze has been giving to this scandal?

[NightWatcher]

6. there ya go, shareholders take your money out now while you can

You too Prince, whateveryournameis from Saudi, be sure to take your cash out too.