News Corp to pay $244 million to settle U.S. in-store ads case: lawyer

February 29, 2016 11:33 PM

11 0

News Corp to pay $244 million to settle U.S. in-store ads case: lawyer

NEW YORK News Corp agreed to pay $244 million to settle a lawsuit accusing it of monopolizing the market for in-store promotions at more than 50,000 retail stores across the United States, a lawyer for the plaintiffs said on Monday.

The settlement with Rupert Murdoch's company abruptly ended a trial that had begun earlier in the day, when jurors in Manhattan federal court heard opening arguments in what had been a $2 billion lawsuit.

Also read: Court hearing set for Sunday in Michigan vote recount

Read more

To category page

Loading...