Inaction at News Corp board could be disaster

[JimH52]

News Headlines

In an amended lawsuit filed in Delaware last week, institutional investors alleged that board "has remained silent and passive" on the hacking issue, showing its "utter capitulation to the control and domination of Murdoch."

"By failing to take action to investigate, control and limit the fallout from the hacking scandal, the board breached its duty and exposed the company to billions in losses that could have otherwise been avoided," the lawsuit said.

Wow! Family Ties on the board could spell Billions in a law suit. This is going to cost Ruppert some Big Money.