News Corp. in $139 Million Settlement With Shareholders
Posted: 4/23/2013 | By: Amy Chozick | The New York Times
As News Corporation continues to negotiate settlements with victims of a phone-hacking scandal within its British newspaper division, its board on Monday reached a $139 million settlement with a group of United States shareholders.
The group had asserted that News Corporation’s board — led by Rupert Murdoch, the chairman and chief executive — breached its fiduciary responsibility in handling the crisis in Britain.
The group had asserted that News Corporation’s board — led by Rupert Murdoch, the chairman and chief executive — breached its fiduciary responsibility in handling the crisis in Britain.