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News Corp in $139 million shareholder lawsuit settlement

2013-04-22T123202Z_1_CBRE93L0YTW00_3_NEWSCORP-SPLIT.JPG

 (Copyright Reuters 2013)

News Corp on Monday said it reached a deal to settle shareholder litigation over the board of directors' actions related to the company's phone hacking scandal and other earlier matters.

The company, in a statement, said the board defendants would pay $139 million to settle the suits.

(Reporting by Ben Berkowitz; Editing by Gerald E. McCormick)