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News Corp. Shareholders File Suit Against Murdochs

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News Corp. Shareholders File Suit Against Murdochs

Post  mara thon on Wed 14 Sep - 18:42

http://www.care2.com/causes/news-corp-shareholders-file-suit-against-murdoch-and-sons.html?page=1


A parliamentary panel investigating the phone hacking scandal that has engulfed the British media, police and politicians has recalled James Murdoch, chief of News Corporation’s European and Asian operations, for questioning. A hearing is to be scheduled in November to tie up “one or two loose ends” left after his July testimony and will follow questioning of Les Hinton, a former top executive at the News Corporation, and of Mark Lewis, the lawyer representing individuals who are targets of phone hacking including Milly Dowler. The July revelation that the News of the World had hacked into the murdered school girl’s phone showed that hacking was a far more widespread practice at the paper than had long been assumed, and than Rupert Murdoch’s News Corp. has been insisting to be the case.

In contrast to July, when Rupert and James Murdoch both at first said they would not be able to attend the hearing due to their schedules, James Murdoch immediately said that he would be present at the second inquiry. A spokeswoman noted that he is “happy to appear in front of the committee again to answer any further questions members might have,” says the New York Times. At a parliamentary hearing last week, two former News International executives had testified that they had informed James Murdoch that phone hacking at the News of the World was not limited only to one “rogue” reporter but was a far more widespread practice. Murdoch has denied such claims.

Hinton was the former chairman of Dow Jones and publisher of The Wall Street Journal. He resigned from both positions as further allegations about hacking of News of the World, which he was once the editor in chief of, surfaced in July.

Furthermore, lawyers for News International, News Corp.’s British newspaper group, said that they have uncovered “two very large new caches” of documents and emails — “tens of thousands” of emails — which could shed further light about how widespread the practice of phone hacking was at the company.

The Guardian also reports that a prominent group of News Corp.’s shareholders are filing a lawsuit against the members of News Corp’s board, including Rupert Murdoch himself, his sons James and Lachlan, and the media empire’s chief operating officer, Chase Carey.


Leading the group is Amalgamated Bank, which is a New York-based chartered bank managing some $12 billion on behalf of institutional investors; it holds about 1 million shares of News Corp. common stock:

In the complaint, the shareholders accuse the board of allowing Murdoch to use News Corp as his “own personal fiefdom”. In addition to the phone-hacking scandal at the News of the World, the complaint focuses on the controversial business tactics of two News Corp subsidiaries in America, its advertising arm News America Marketing and a manufacturer of satellite TV smart cards called NDS Group Plc.

In legal documents, the shareholders allege that the two companies were accused by multiple parties of “stealing computer technology, hacking into business plans and computers and violating the law through a wide range of anti-competitive behavior.”

Several members of the boards of News America and of NDS are also directors of News Corp.

In addition, the mother of Christian Small, who was killed in the 2005 terrorist attacks on the London underground, is suing Murdoch’s media empire, alleging that News of the World staff hacked into her son’s phone. Says the Guardian,

The case brought by Sheila Henry is the first to be launched by a 7/7 victim or a family member of a victim. The Metropolitan police have warned relatives of a handful of those killed that day that mobile numbers belonging to their deceased relatives were found in Mulcaire’s notebooks. [Glenn Mulcaire was a private investigator hired by the News of the World to hack into people's phones.] It is understood that Mulcaire made a note of Henry’s own mobile as well as her son’s. The apparent confirmation of the News of the World’s willingness to target victims of a terrorist attack brought immediate condemnation.

Labour MP Tom Watson, who has vigorously pursued the hacking allegations, said: “If this is accurate it shows that in the week we commemorated the victims of 9/11, the victims of our own terrorist attack have had their memories insulted in a callous and inhuman way.”

The FBI has also launched an investigation into possible allegations of hacking of the phones of those who died in the 9/11 attacks.



Read more: http://www.care2.com/causes/news-corp-shareholders-file-suit-against-murdoch-and-sons.html#ixzz1XwxAq6zS



Read more: http://www.care2.com/causes/news-corp-shareholders-file-suit-against-murdoch-and-sons.html#ixzz1Xwx48yal

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Re: News Corp. Shareholders File Suit Against Murdochs

Post  Panda on Wed 14 Sep - 21:22

mara thon wrote:http://www.care2.com/causes/news-corp-shareholders-file-suit-against-murdoch-and-sons.html?page=1


A parliamentary panel investigating the phone hacking scandal that has engulfed the British media, police and politicians has recalled James Murdoch, chief of News Corporation’s European and Asian operations, for questioning. A hearing is to be scheduled in November to tie up “one or two loose ends” left after his July testimony and will follow questioning of Les Hinton, a former top executive at the News Corporation, and of Mark Lewis, the lawyer representing individuals who are targets of phone hacking including Milly Dowler. The July revelation that the News of the World had hacked into the murdered school girl’s phone showed that hacking was a far more widespread practice at the paper than had long been assumed, and than Rupert Murdoch’s News Corp. has been insisting to be the case.

In contrast to July, when Rupert and James Murdoch both at first said they would not be able to attend the hearing due to their schedules, James Murdoch immediately said that he would be present at the second inquiry. A spokeswoman noted that he is “happy to appear in front of the committee again to answer any further questions members might have,” says the New York Times. At a parliamentary hearing last week, two former News International executives had testified that they had informed James Murdoch that phone hacking at the News of the World was not limited only to one “rogue” reporter but was a far more widespread practice. Murdoch has denied such claims.

Hinton was the former chairman of Dow Jones and publisher of The Wall Street Journal. He resigned from both positions as further allegations about hacking of News of the World, which he was once the editor in chief of, surfaced in July.

Furthermore, lawyers for News International, News Corp.’s British newspaper group, said that they have uncovered “two very large new caches” of documents and emails — “tens of thousands” of emails — which could shed further light about how widespread the practice of phone hacking was at the company.

The Guardian also reports that a prominent group of News Corp.’s shareholders are filing a lawsuit against the members of News Corp’s board, including Rupert Murdoch himself, his sons James and Lachlan, and the media empire’s chief operating officer, Chase Carey.


Leading the group is Amalgamated Bank, which is a New York-based chartered bank managing some $12 billion on behalf of institutional investors; it holds about 1 million shares of News Corp. common stock:

In the complaint, the shareholders accuse the board of allowing Murdoch to use News Corp as his “own personal fiefdom”. In addition to the phone-hacking scandal at the News of the World, the complaint focuses on the controversial business tactics of two News Corp subsidiaries in America, its advertising arm News America Marketing and a manufacturer of satellite TV smart cards called NDS Group Plc.

In legal documents, the shareholders allege that the two companies were accused by multiple parties of “stealing computer technology, hacking into business plans and computers and violating the law through a wide range of anti-competitive behavior.”

Several members of the boards of News America and of NDS are also directors of News Corp.

In addition, the mother of Christian Small, who was killed in the 2005 terrorist attacks on the London underground, is suing Murdoch’s media empire, alleging that News of the World staff hacked into her son’s phone. Says the Guardian,

The case brought by Sheila Henry is the first to be launched by a 7/7 victim or a family member of a victim. The Metropolitan police have warned relatives of a handful of those killed that day that mobile numbers belonging to their deceased relatives were found in Mulcaire’s notebooks. [Glenn Mulcaire was a private investigator hired by the News of the World to hack into people's phones.] It is understood that Mulcaire made a note of Henry’s own mobile as well as her son’s. The apparent confirmation of the News of the World’s willingness to target victims of a terrorist attack brought immediate condemnation.

Labour MP Tom Watson, who has vigorously pursued the hacking allegations, said: “If this is accurate it shows that in the week we commemorated the victims of 9/11, the victims of our own terrorist attack have had their memories insulted in a callous and inhuman way.”

The FBI has also launched an investigation into possible allegations of hacking of the phones of those who died in the 9/11 attacks.



Read more: http://www.care2.com/causes/news-corp-shareholders-file-suit-against-murdoch-and-sons.html#ixzz1XwxAq6zS



Read more: http://www.care2.com/causes/news-corp-shareholders-file-suit-against-murdoch-and-sons.html#ixzz1Xwx48yal


Hi mara thon, anything to do with the Murdochs and Newscorp could you post under " Is this armageddon " please .....thanks, otherwise we will have
new threads all over the place.

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Re: News Corp. Shareholders File Suit Against Murdochs

Post  Guest on Wed 14 Sep - 21:24

Why not just have a thread entitles SHIT MEETS FAN???

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Re: News Corp. Shareholders File Suit Against Murdochs

Post  mara thon on Wed 14 Sep - 21:51

Okay Panda, perhaps one of the mods can move the article.

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Re: News Corp. Shareholders File Suit Against Murdochs

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