News Corp. Cuts $500M Deal Over Coupon Suits

Law360, New York (February 1, 2010, 12:54 PM EST) -- News Corp. has agreed to hand over $500 million to settle three lawsuits brought by media and marketing services company Valassis Communications Inc. over alleged unfair competition in the markets for newspaper coupon inserts and in-store product advertising notices.

The settlement comes shortly before one of the lawsuits pending in the U.S. District Court for the Eastern District of Michigan was set to go to trial. In a statement issued Saturday, News Corp. said its legal advisers had come to the conclusion that there were “significant...
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