They say it knew a decade ago of illegal activity
(NEWSER) - Seems like there's no news but bad news for Rupert Murdoch these days: The latest legal salvo against the News Corp empire is a lawsuit alleging that its board knew for more than a decade that some of its US subsidiaries were engaged in illegal hacking, this time in the form of competitors' computers. Several investment funds with stakes in News Corp allege that the board “has not lifted a finger” to provide oversight for Murdoch, and that by not stopping these illegal practices, it exposed shareholders to undue legal risk, Reuters reports. More»