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dipsydoodle

(42,239 posts)
Wed Sep 19, 2012, 04:40 AM Sep 2012

Investors fight early dismissal of suit versus News Corp board

Source: Reuters

(Reuters) - Shareholders of News Corp will make their case in a U.S. court on Wednesday for holding its board responsible for phone hacking scandals that cost the company a major newspaper and a deal for full control of the BSkyB (BSY.L) satellite business.

The shareholders want a Delaware judge to allow the lawsuit to proceed against Rupert Murdoch, his sons Lachlan and James and the rest of the company's board for failing to oversee the owner of the Fox TV and movie businesses and the Wall Street Journal.

If Judge John Noble denies early dismissal, it would clear the way for shareholders to begin gathering evidence to try to prove the directors were at fault for News Corp's stumbles as the phone hacking scandal emerged.

Read more: http://uk.reuters.com/article/2012/09/19/uk-newscorp-shareholder-lawsuit-idUKBRE88I07R20120919

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