U.S. shareholders of Rupert Murdoch's News Corp. are attempting to sue their own board for allowing and mismanaging the massive phone-hacking scandal that has resulted in dozens of costly lawsuits (and counting), among other major disruptions. "All of this harm occurred because the board chose to protect those close to Murdoch rather than investigate the misconduct when it learned about it," claim the investors, who hope to file a lawsuit in Delaware, charging that the family treated the company like a "candy jar." An expert said, "The chances of bringing these type of cases are usually pretty slim but here you have independence and conflict of interest issues vis a vis the board so there's more of a shot." But then they'll have to get in line.
Photo: Kevork Djansezian/2012 Getty Images
- 1. World Leaders Take Most Menacing G8 Group Photo Ever
- 2. The 10 Ways That Men Text Women
- 3. Did Kimye Name Their Baby Kaidence Donda West?
- 4. Man of Steel City Damage Professionally Estimated
- 5. The Story Behind the Brazil Protest’s Shocking Pepper-Spray Photo [Updated]
- 6. Trent Franks’s Abortion Bill Passes the House, With One Last Gaffe
- 7. Serena Williams Thinks Steubenville Rape Victim ‘Shouldn’t Have Put Herself in That Position’ [Update]
- 8. Miami Heat Fans Leave Game Early, Beg to Get Back in After Incredible Rally, Are the Worst
- 9. Journalist Michael Hastings, Who Profiled Stanley McChrystal, Has Died