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arbitration

April 25, 2013

News Corporation's board of directors, including Rupert Murdoch, has agreed a $139 million (€106.8 million) settlement of a lawsuit brought by investors.
 

News Corporation's board of directors, including chief executive and chairman Rupert Murdoch, has agreed a $139 million (€106.8 million) settlement of a lawsuit brought by investors, which claimed directors had turned a blind eye to illegal practices and mismanagement at News Corp that damaged share prices.

The shareholders sued the directors on behalf of News Corp; the money – which will be covered by the board's insurance – will be paid to News Corp itself rather than to shareholders directly.

November 24, 2011

Family-controlled carmaker Suzuki has started arbitration proceedings against Volkswagen, as it aims to end its alliance with the German group by buying back its shares.

Family-controlled carmaker Suzuki has started arbitration proceedings against Volkswagen, as it aims to end its alliance with the German group by buying back its shares.

The arbitration, which will take place in London, follows Volkswagen’s “lack of response to Suzuki’s requests for the disposition of its shares” either back to the company or a third party, according to a statement issued by Japan’s Suzuki.

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