Hacking Added to News Corp. Shareholder Lawsuit

The ballooning phone hacking scandal that brought down Rupert Murdoch’s  News of the World tabloid in the U.K. last week has begun to infect his U.S. business dealings. Earlier today, plaintiffs in an ongoing shareholder lawsuit against Murdoch and News Corp. amended their complaint to reflect the events last week, arguing that Murdoch must have had first-hand knowledge of the misconduct in the News of the World newsroom, and that the recent revelations are indicative of a much broader, systemic problem with how he runs his empire.