News Corp.'s $139M Deal May Make For Pricier D&O Coverage

Law360, New York (April 23, 2013, 9:21 PM EDT) -- News Corp.'s insurers will be picking up the tab for a record-breaking $139 million settlement that ends shareholder derivative litigation over its phone hacking scandal, likely sending other carriers scrambling to rethink the pricing and design of their directors and officers policies.

The media giant's board of directors this week inked the largest-ever shareholder derivative settlement to end claims that a lack of oversight allowed a phone hacking scandal at two London newspapers and a $670 million purchase of Shine Group Ltd., a deal that's also...
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