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News Corp. (NWS, NWSA, NWS.AU) will receive $139 million in insurance proceeds, paid on behalf of its directors and officers who were defendants in a so-called derivative suit.A derivative suit is one in which a group of shareholders files suit on behalf of a company, typically against its officers and directors. Any recovery gleaned by the plaintiffs then flows back to the company.The company will bolster its compliance program as part of an agreement to settle shareholder complaints related to its acquisition of Shine Group Ltd. and the lingering phone-hacking scandal.Shine is News Corp.'s U.K.-based television production unit that was founded in 2001 by Elisabeth Murdoch, daughter of News Corp. Chairman and Chief Executive Rupert Murdoch, and acquired by News Corp. in 2011.The Shine deal became a lightning rod for corporate governance complaints. In March 2011, several News Corp. shareholders sued the company in Delaware Chancery Court, claiming the takeover of Shine was a sweethear...
By Kate Holton and Jennifer SabaLONDON/NEW YORK (Reuters) - Les Hinton was adamant. Asked in 2007 by a British parliamentary committee whether the News of the World ...
(Reuters) - Here are the main events in the long-running phone-hacking scandal which brought down the 168-year old News of the World tabloid on Thursday.The scandal ...
LONDON (Reuters) - All those responsible for wrongdoing at the News of the World newspaper should be brought to justice, a spokesman for British Prime Minister David...
Facing enormous pressure from British politicians and media, News Corp. (NASDAQ:NWSA) revealed plans on Thursday to cease publication of the News of the World , the ...
LONDON (Reuters) - British Prime Minister David Cameron condemned the alleged hacking of a murdered schoolgirl's voicemail by the News of the World, part of Rupert M...
News Corp. (NWS, NWSA, NWS.AU) has agreed to pay $139 million and bolster its compliance program as part of an agreement to settle shareholder complaints related to ...
News Corp.'s (NWS, NWSA, NWS.AU) U.K. newspaper unit said it settled another 17 phone-hacking claims filed by various public personalities in the U.K., including Sar...
By Keith Weir and Peter GriffithsLONDON (Reuters) - David Cameron defended his handling on Monday of a corruption scandal around Rupert Murdoch's media empire which ...
Rebekah Brooks, the former head of Rupert Murdoch's UK newspaper business, was arrested on Sunday in the latest twist of a phone-hacking scandal that has tainted Bri...
Rupert Murdoch meets with Milly Dowler ’ s parents
Summoning a degree of national unity rarely seen outside times of war, Britain's parliament will tell Rupert Murdoch on Wednesday to drop an expansion plan for his m...
By Jodie GinsbergBut killing off one of Britain's best-selling papers may not be enough to stop the taint of the News of the World phone-hacking scandal spreading to...
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