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What do you expect when you start to dig into a garbage pit, Roses...

By: oldCADuser in FFFT | Recommend this post (0)
Wed, 14 Sep 11 2:07 AM | 58 view(s)
Boardmark this board | Food For Further Thought

Msg. 33483 of 65535
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News Corp shareholders file new allegations

By Andrew Longstreth and Tom Hals

September 13, 2011

(Reuters) - The board of News Corp knew more than 10 years ago that its U.S. subsidiaries were illegally hacking competitors' computers, according to new court papers filed by the media company's shareholders on Tuesday.

Beyond phone hacking by some of the company's journalists in the UK, the News Corp board was also long aware of improper conduct at two U.S. subsidiaries, News America Marketing and NDS Group, shareholders said in the lawsuit.

"For more than a decade, News Corp subsidiaries have engaged in highly improper practices that have subjected News Corp to great financial and reputational damage," the complaint said.

The company's board "has not lifted a finger" to engage in any oversight of Chairman and Chief Executive Rupert Murdoch, even when it was provided with clear warnings that News Corp's business practices were illegal, the lawsuit said....

For the full article, go to:

http://www.reuters.com/article/2011/09/13/us-newscorp-lawsuit-idUSTRE78C3XY20110913

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