News Corporation: stock purchasers file securities fraud class action lawsuit

August 16, 2011
By Steve Larson

A class action lawsuit has been filed against News Corporation (“News Corp.”), Rupert Murdoch, James Murdoch and Rebekah Brooks (collectively “Defendants”) in the United States District Court for the Southern District of New York (Civil Class Action Case No. 11-4947). The complaint alleges that News Corp. and other defendants knew or were reckless in not knowing that employees at News of the World had allegedly hacked into the cell phone messages of thousands of cell phone users and allegedly issued misrepresentations to the stock market purportedly in violation of federal securities laws.

The News Corp. News of The World cell phone hacking securities fraud class action lawsuit complaint is reportedly brought on behalf of a putative class consisting of purchasers of the common stock of News Corporation (NASDAQ: NWSA) who purchased News Corp. stock during the period from March 3, 2011 through July 11, 2011.

Categories: Class Action Facts

Steve Larson

An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, environmental clean-up litigation, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve’s clients value his creative approach to resolving complex litigation matters.

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