Friday, July 22, 2011

Hacked Off In The UK, Part 6

Via Balloon Juice, News Corp's own WSJ is warning of Obama's Department Of Justice witch hunt against Rupert Murdoch as subpoenas are being prepared...

Commenting on the FBI inquiry, a News Corp. spokeswoman said: "We have not seen any evidence to suggest there was any hacking of 9/11 victim's phones, nor has anybody corroborated what are clearly very serious allegations. The story arose when an unidentified person speculated to the Daily Mirror about whether it happened. That paper printed the anonymous speculation, which has since mushroomed in the broader media with no substantiation."

The spokeswoman also said the company hasn't seen any "indication of a connection or similarity between the events, allegations and practices being investigated in the U.K. and News Corp's U.S. properties."

News Corp. and its recently bolstered legal team expect a possible broad investigation by the Justice Department into whether the alleged bribes paid to British police violated the Foreign Corrupt Practices Act, or FCPA, according to the people familiar with the company's strategy. The law is typically used to pursue charges against companies that bribe foreign officials to give them business contracts.

News Corp.'s team also is anticipating a possible FCPA-related investigation by the SEC, the people said. The SEC also could examine News Corp.'s prior disclosures, one of the people said. By law, companies must adequately alert investors to potential litigation or business pitfalls on the horizon.

A spokesman for the SEC declined to comment. 

I mean all of that must be true, the Wall Street Journal printed it.  Nothing to see here folks, move along.  There's no story here and if you're worried about the phone-hacking scandal, why News Corp. would like to remind you there's starving kids in Africa you should really be worried about.  Shame on you for following this story!

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