Hugh Grant gets huge payday in phone-tapping suit
Rupert Murdoch's publishing company settles with 144 victims but may owe others a lot more after upcoming trials end.
The British actor received a sizable settlement from the publishing branch of Rupert Murdoch's News Corp. (NWS) Friday to end a lawsuit related to phone hacking by some of Murdoch's employees.
Lawyers for Grant, best known for his roles in such romantic comedies as "Love Actually" and "Bridget Jones's Diary," told CNN the actor received “substantial damages” from Murdoch and company as part of 144 such lawsuits settled Friday.
Grant had been a vocal critic of the wiretapping practices that led to the closure of British tabloid News Of The World and criminal charges against editor Andy Coulson, who went on to be a spokesman for U.K. Prime Minister David Cameron. Grant's payout doesn't end the saga for Murdoch and his News International publishing company, as seven other cases are going to trial in June and another 20 are still being discussed.
It just continues a tough stretch for Murdoch that included a public inquiry into press regulations in the United Kingdom, the relationship between journalists and figures of authority and the role Murdoch's tabloids have played in the media's downfall in that country. Murdoch's company also had to pay out sizable sums to actor Christopher Eccleston, best known for his stint as The Doctor in British television series “Doctor Who,” as well as Duchess of York Sarah Ferguson, magician Uri Geller and countless other celebrities, politicians and crime victims who had their phones tapped.
Former News International head Rebekah Brooks also faced criminal charges, as did reporters for News Of The World and The Sun, but Murdoch himself wasn't left unscathed. The controversy scuttled his plans to take over British pay-TV provider and news outlet BskyB and, combined with the failure of Apple iPad-exclusive news publication The Daily, led News Corp. to separate its publishing and broadcasting branches into separate companies.
More on moneyNOW
Murdock deserves it...he was absolutely not paying attention to or moneriting the clowns that ran his news agency.....Now if could just sue all the clowns at CNN, NBC, CBS and ABC that have been doctoring the truth and feeding the country pure self edited diatribe.....
News casters is their reliance on local officials,police officers,indebted gamblers,irate employees,waiters,and valets.
People are outraged by phone tapping. Under normal conditions the gossip gathered by newsmen is tainted because the informers seldom appear.What is worse,the newsmen say they are:
"protecting their sources"
How does the reader even know these sources exist?They cannot be brought before judge or an opposing attorney.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] Recent action saw a continuation of the range-bound trade that has essentially kept the S&P 500 where it began the trading day.
The technology sector (-0.8%) remains weak, which has prevented the broader market from climbing above its flat line. All things considered, despite today's loss, the technology sector is flat for the week versus a 0.7% gain for the S&P 500.
The tech sector will be in focus again tomorrow as participants will react to a full slate ... More
More Market News
Banks are being forced to return to their utilitarian roots. But will they be able to make money?
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'