Murdoch Could Nix Suits By Going Private, Attys Say

Law360, New York (July 18, 2011, 7:05 PM EDT) -- News Corp. shareholders in Delaware and New York are piling on the derivative claims over the phone-hacking scandal at recently shuttered tabloid News of the World, but attorneys say Rupert Murdoch could nip these latest bothers in the bud by following through with a rumored plan to take News Corp. private.

Last week, News Corp. announced a $5 billion stock buyback program, which, if fully realized over the next 12 months, would give the Murdoch family a majority share of the media conglomerate. The move, ostensibly...
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