Saturday, June 02, 2012
News Corp. Could Face 500 Claims - The Daily Beast - No matter how much we may want it to, News Corp. won’t be leaving the spotlight anytime soon. Lawyers for both Rupert Murdoch’s media company and victims of phone hacking said in court Friday that the company will likely face a total of 500 civil suits related to phone hacking, only about 110 of which have been filed or settled so far. The cost of battling the civil claims has put a significant drain on News Corp. since the hacking activity first came to light, and the company reported in early May that it had spent $167 million on legal fees related to the cases.
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