Thursday, January 19, 2012

Settlement Reached for Some in News Corp. Phone-Hacking Scandal

A British lawmaker announced today that he and 17 others involved in the
phone-hacking scandal that brought down a long-running tabloid and led to calls
for News Corp. (NASDAQ: NWSA ) Rupert Murdochs resignation had reached a
settlement . Perhaps the highest profile among those settling is actor Jude Law,
who received just more than $200,000 to settle. Others received amounts ranging
from about $38,000 to nearly $80,000. While this ends the case for some involved
in the scandal, the lawyer for many of the claimants has stated that others
whose phones were alleged hacked by News of the World were going forward with
their case. By no means are News Corp. and Murdoch out of the woods yet. A full
report can be found on CNN.com. Benjamin Nanamaker, InvestorPlace Money &
Politics Editor

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