NEW YORK July 11, 2011 (AP)
A group of News Corp. shareholders have sued the company over a phone-hacking scandal at its now-closed News of the World tabloid in London.
The lawsuit accuses News Corp. of large-scale governance failures. It was filed late Friday in Delaware Chancery Court by shareholders led by Amalgamated Bank. Several municipal and union pension funds joined in the lawsuit. The shareholders own less than 1 percent of News Corp.'s stock combined.
News of the World employees are accused of hacking into the phone of a missing 13-year-old girl, who was later found murdered.
The lawsuit is part of an amended complaint. The shareholders are also challenging News Corp.'s acquisition of Shine Group Ltd., founded by the daughter of News Corp. CEO Rupert Murdoch..............
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