NEWS CORP SHAREHOLDERS LAUNCH ANOTHER LEGAL BATTLE

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

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 […]