Law360, Wilmington (May 30, 2012, 5:06 PM ET) -- News Corp. does not have to turn over records related to the media empire's $670 million acquisition of a television production company owned by Rupert Murdoch's daughter, the Delaware Supreme Court ruled Tuesday.
The decision upholds a November 2011 ruling by the Delaware Court of Chancery, which dismissed the records suit, a Section 220 action, on grounds that it was no longer warranted since plaintiffs in the case filed a separate shareholder derivative complaint over the acquisition.
In their appeal, investors from Central Laborers Pension Fund...
News Corp. OK'd Silence On Deal With Murdoch Daughter's Co.
To view the full article, take a free trial now.
