News Corp. Could Face 500 Claims

    LONDON, ENGLAND - APRIL 25:  (EDITOR'S NOTE : Photograph taken with raindrops on car window) Rupert Murdoch leaves The Royal Courts of Justice with his wife Wendi Deng Murdoch after giving evidence to The leveson Inquiry on April 25, 2012 in London, England. This phase of the inquiry into the culture, practice and ethics of the press in the United Kingdom is looking at the owners of various media groups. The inquiry, which may take a year or more to complete, comes in the wake of the phone hacking scandal that saw the closure of The News of The World newspaper in 2011  (Photo by Peter Macdiarmid/Getty Images)

    Peter Macdiarmid

    No matter how much we may want it to, News Corp. won’t be leaving the spotlight anytime soon. Lawyers for both Rupert Murdoch’s media company and victims of phone hacking said in court Friday that the company will likely face a total of 500 civil suits related to phone hacking, only about 110 of which have been filed or settled so far. The cost of battling the civil claims has put a significant drain on News Corp. since the hacking activity first came to light, and the company reported in early May that it had spent $167 million on legal fees related to the cases. Last year, News Corp. shut down the Fleet Street tabloid News of the World, and a police investigation into hacking activity at the paper continues.

    Read it at The Wall Street Journal