News Corp. Shareholder Suit Adds Charges of Corporate Espionage

Sep 14, 2011  •  Post A Comment

A group of shareholders has added allegations of corporate espionage to a complaint against News Corp. Chairman and Chief Executive Rupert Murdoch and other board members, reports the Los Angeles Times’ Company Town blog.

An amended lawsuit was filed Tuesday by the New York-based Amalgamated Bank, which manages investment funds that own shares of News Corp., the story says.

"For years, highly improper (and at times illegal) conduct has been carried out throughout News Corp. subsidiaries around the world without any board oversight or restraint," the amended complaint says.

The allegations refer to suspected corporate espionage that happened more than 10 years ago at two of News Corp.’s U.S. units, News America Marketing and News Digital Systems Group, the story adds.

News Corp. declined to comment on the litigation, the piece notes.


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