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News Corp wins dismissal of U.S. lawsuit over phone hacking

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.The case was based on statements by Murdoch, former News of the World editor Rebekah Brooks and others in the years after the 2006 arrest of reporter Clive Goodman and investigator Glenn Mulcaire, who were both later imprisoned for allegedly hacking the phones of Britain's royal family.Shareholders led by Britain's Avon Pension Fund accused the defendants of making statements in press releases, interviews, conference calls, testimony to Parliament and elsewhere suggesting that the incident was isolated.Instead, they said hacking was "widely pract...

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