Murdoch Being CLASS-ACTION Sued by Law Firm That Nailed Enron UPDATED

[FourScore]

Fri Jul 22, 2011 at 08:34 PM PDT
Murdoch Being CLASS-ACTION Sued by Law Firm That Nailed Enron UPDATED
by ericlewis0

Breaking from 4-traders.com:

Hagens Berman, an investor-rights class-action law firm, today announced that it is investigating News Corporation (NASDAQ: NWSA) for potential securities law violations and that investors with losses exceeding $500,000 are encouraged to contact the firm to discuss the class action...

SNIP

... A class action has been filed for investors who purchased News Corporation common stock between March 3, 2011, and July 11, 2011. The firm is also investigating a wider class period...

SNIP

..."James and Rupert Murdoch either knew or should have known the despicable prevalence of hacking as a reporting tactic at News of the World," said Mr. Kathrein. "We are investigating what they knew and when, as well as the impact the company's failure to disclose the scandal earlier may have had on investors."
http://www.4-traders.com/NEWS-CORP-CLS-A-4981005/news/NEWS-CORP-CLS-A-Hagens-Berman-LLP-Investigates-News-Corporation-Securities-Law-Violations-and-Expand-13719936/

Read here about the hundreds of millions of dollars it looks like Hagens Berman forced Enron and, if I'm reading correctly, Ken Lay's personal estate, to pay Enron pension victims.: http://www.hbsslaw.com/cases-and-investigations/enron_lawsuit ...

http://www.dailykos.com/story/2011/07/22/997677/-Murdoch-Being-CLASS-ACTION-Sued-by-Law-Firm-That-Nailed-Enron-UPDATED-x1?via=siderec

[FourScore]

1. kick for the morning crowd.

[malaise]

2. K & R

This is huge