News Corp. Settles Voting Dispute With Foreign Shareholder

Law360, Wilmington (September 6, 2012, 10:47 PM EDT) -- News Corp. reached a tentative settlement Thursday with the European investor whose suit accused the media giant of stomping on the voting rights of foreign shareholders, agreeing to modify its reduction of those rights in exchange for the complaint's dismissal.

The agreement in principle would resolve the putative class action filed May 31 in Delaware Chancery Court by Forsta AP-Fonden, a Swedish pension fund and News Corp. shareholder that claimed the recent suspension of voting rights for 50 percent of the Class B shares owned by...
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