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Judge Lets Class Action Against News Corp Proceed

Law360 (December 21, 2005, 12:00 AM EST) -- A judge has given the green light to a huge class action suit filed against media powerhouse News Corporation over the company’s alleged refusal to allow shareholders to vote on a takeover defense.

The pension funds accused News Corp of reneging on an agreement that would allow shareholder input in the event of a takeover attempt by another company. News Corp allegedly extended the terms of its poison pill defense without approval.

Although Judge William B. Chandler III ruled the trial could proceed, he dismissed the...
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