Thursday, September 19, 2019

NEWS CORP SHAREHOLDERS LAUNCH ANOTHER LEGAL BATTLE

June 21, 2012 by · Leave a Comment 

A trio of major News Corp shareholders has amended its legal action against the company’s board of directors, claiming that the board has repeatedly behaved in a manner to ensure that it is in lockstep with the company’s chairman and CEO, Rupert Murdoch. According to a court filing by lawyers for Amalgamated Bank, the Central […]

NOW MURDOCH FACES U.S. BOMBARDMENT

September 14, 2011 by · Leave a Comment 

As if Rupert Murdoch did not already have enough turmoil to deal with as his British news unit faces increased scrutiny from police and politicians following the recent phone-hacking scandal, now a significant revolt is developing among some of his chief U.S. shareholders. On Tuesday the shareholders, who include Amalgamated Bank, New Orleans Employees’ Retirement […]

BANK ACCUSES MURDOCH OF NEPOTISM

March 18, 2011 by · Leave a Comment 

New York-based Amalgamated Bank and Illinois-based Central Laborers Pension Fund have filed lawsuits in Delaware Chancery Court charging that Rupert Murdoch’s News Corp’s planned $675-million acquisition of Elisabeth Murdoch’s Shine television company violates, in the words of the Amalgamated suit, “the entire fairness standard both on the basis of price and process.” Amalgamated is the […]