TV News LIES

Thursday, Mar 28th

Last update02:10:49 AM GMT

You are here News International Stockholder group sues Murdoch

Stockholder group sues Murdoch

E-mail Print PDF

Stockholders sue MurdochA News Corp. stockholder group Monday sued Rupert Murdoch, saying they found it hard to believe he was unaware of the phone-hacking scandal at a tabloid. The shareholder group includes banks and pension funds. The shareholder group accused Murdoch of "rampant nepotism" and viewed his media holdings as a "family candy jar," The Guardian reported.

The News of the World ended publication after 168 years Sunday, as anger mounted over allegations of phone hacking of public officials and private citizens, as well as corruption.

The suit, filed in Delaware where News Corp. is incorporated, also said it was "inconceivable" Murdoch and son James Murdoch didn't know about the phone-hacking that allegedly went on at News of the World.

"These revelations should not have taken years to uncover and stop," the filing said. "[They] show a culture run amok within News Corp and a board that provides no effective review or oversight."

The shareholders also said in their suit Murdoch's interference with good corporate governance led to a "Murdoch discount" that depressed the value of stock shares below those of other similar media companies.

More...


Most Recent Related Stories...


Israeli strikes on Rafah raise fear ground assault could begin

Rafah bombingIsrael bombed at least four homes in Rafah on Wednesday, raising new fear among the more...

Ukraine war: Two Russian landing ships hit off Crimea, officials say

Kyiv shelter Ukraine says it has hit two landing ships, a communications centre and other infrastructure used by...

Ukraine war briefing: ‘Third of Russia’s Black Sea fleet sunk or crippled’

Ukraine war news Ukraine’s navy claims it has sunk or disabled a third of all Russian warships in the...

As Gaza is destroyed, Israel is killing dozens of children in the West Bank

Children being klled in he West Bank “The depth of the horror surpasses our ability to describe it,” James Elder, a spokesperson with...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!