TV News LIES

Thursday, Apr 19th

Last update05:20:13 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...


Miguel Diaz-Canel: Cuba's post-Castro president

Miguel Diz-Canel,new president of Cuba Cuba has formally announced Miguel Diaz-Canel as the country's new president. The 57-year-old father of two was...

Thirty-two U.S. embassy workers in Cambodia fired over alleged sharing of pornography

32 US Embassy workers fired over sharing prnThe United States embassy in Cambodia has fired 32 people after they were allegedly caught sharing...

CIA Director Mike Pompeo Secretly Met With North Korean Leader Kim Jong Un

Mike Pompeo met with Korean leader Kim Jong Un Central Intelligence Agency Director Mike Pompeo met with North Korean leader Kim Jong Un over Easter...

Algeria state TV: 257 killed in Boufarik military plane crash

Algerian military plane down; 257 dead At least 257 people have been killed after a military plane crashed near the Boufarik airbase...
 
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!