UPDATE 1-News Corp Wins Dismissal of U.S. Lawsuit Over Phone Hacking

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By: Jonathan Stempel | Reuters

NEW YORK, April 1 (Reuters) – News Corp, its Chairman Rupert Murdoch and other top officials have won the dismissal of a U.S. lawsuit accusing them of defrauding shareholders by concealing widespread, illegal phone hacking at two of its British newspapers.
 
In a decision made public on Tuesday, U.S. District Judge Paul Gardephe in Manhattan said the defendants could not be held liable over statements predating the period for which shareholders sought to recoup alleged losses.

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