US schemes sue News Corp

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US/UK - US pension funds and other institutional investors have filed an amended complaint alleging "rampant nepotism" and "failed corporate governance" at News Corp. in light of the ongoing British phone hacking scandal.

In addition to pre-existing allegations of abuse by News Corp chairman and CEO Rupert Murdoch (pictured), the amended complaint addresses revelations involving News Corp.'s UK tabloid Sunday paper,...

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