(Image Source: Bloomberg)

 

 

BY GEORGE DUMONTIER

 

You're watching multisource world video news analysis from Newsy. 

 

Rupert Murdoch is back from across the pond -- but he’s not out of the woods yet.
The media mogul could now face civil action in the US for the News of the World phone hacking scandal.

Here’s CBS.

“It is unclear at this point how much jeopardy they are potentially in, because we simply don’t know all the facts. They are potentially subject to prosecution under a statute called the Foreign Corrupt Practices Act in connection with any bribes that were paid in England.”

The FBI has confirmed -- it’s investigating News Corp. A Foreign Corrupt Practices Act experts tells The Telegraph -- even though these sort of cases usually end in a settlement -- they’re still long...and expensive.

“‘FCPA investigations can typically last two to four years and cost a multi-national company in the region of $100 million to combat...”

 He adds..

“...if what has gone on in London is only the tip of the iceberg, then the pressure for an actual prosecution will increase...”

The FCPA was created to stop corporate corruption overseas, but this case is a little odd. Although Newscorp bribing a police officer in the UK would apply to the law, These cases are usually over larger matters. The Daily Beast questions the political drawbacks of the civil suit.

“Would Barack Obama and Holder ... be willing to take the inevitable heat for an arguably unusual application of the law? I think we know enough about Obama at this point to conclude that this is something he’d never do, unless new information inflamed U.S. public opinion (if, say, we learned that the News of the World hacked Americans’ phones), and maybe not even then. “

Ten employees have been arrested and Newscorp stock is down 10 percent since the end of June.


 

Transcript by Newsy. 

Business News: Murdoch Lawsuits

Murdoch Back In The U.S. - Faces More Lawsuits.

July 21, 2011
(1:40)
Rupert Murdoch could face additional legal threats in the U.S. over the News of the World phone hacking scandal.
   
TRANSCRIPT

To leave a comment, please log in with Facebook Connect or your Newsy account. Register here to create one.
MOST RECENT|MOST POPULAR|MOST COMMENTED|HIGHEST RATED

Controversy Over Erotic Best Seller ‘50 Shades of Grey’
Libraries struggle whether to ban the book, which they say qualifies as erotica but is also one of the most checked-out books.
(2:23)
May 27, 2012
Pope's Butler Arrested Over Leaked Vatican Documents
The Pope's butler is accused of leaking confidential Vatican files to Italian media.
(1:35)
May 26, 2012
Alternate Juror Flirts with John Edwards
A female juror has been outwardly flirting with John Edwards during his trial - and Edwards has actually been responding.
(1:17)
May 26, 2012
Top News Headlines: Obama to Honor Vets on Memorial Day
More headlines: Memorial Day gas prices lower, yet still high; Experts suspicious of Iran's nuke program; Southeast braces for Beryl.
(1:25)
May 26, 2012
49ers' QB Smith Criticized for Cam Newton Comments
Smith downplayed the Panther's QB's accomplishments last year, which wasn't too popular with Newton's teammates.
(2:04)
May 26, 2012
Syrian Crisis Continues with Massacre in Houla
An attack on the Syrian town of Houla killed at least 90 people on Saturday, including around 25 children.
(1:28)
May 26, 2012
New York School Cancels Prom Condom Giveaway
A high school in New York planned to give out 500 condoms at prom to promote safe sex, but the principal changed his mind.
(1:55)
May 26, 2012
10-year-old Regains Hearing with Cochlear Implant
The implant works like a traditional hearing aid, but with higher auditory success.
(1:49)
May 26, 2012
Video from Google's Project Glass Released
Google released the first video from its Project Glass reality headset.
(1:15)
May 26, 2012
Top News Headlines: At Least 90 Dead in Syrian Attacks
More headlines: Drone strike kills suspected militants; Shooting spree in Finland; Pope's butler arrested.
(1:21)
May 26, 2012
Facebook Looking to Build Own Browser?
The social media giant may be interested in acquiring Opera Software, and grabbing their own browser in the process.
(1:29)
May 26, 2012
Nearly One Third Of Olympic Tickets Remain Unsold
Nearly a third of the London 2012 Olympic event tickets remain unsold.
(1:29)
May 26, 2012
Skydiver Survives Jump Without Parachute
A video of Gary Connery skydiving from 2,400 feet in the air without a parachute has gone viral.
(1:49)
May 26, 2012
15-Year-Old Boy Invents New Way to Detect Cancer
A 15-year-old Maryland boy won a $75,000 prize for inventing a dipstick sensor that can detect pancreatic cancer.
(1:53)
May 26, 2012

Newsy

www3
...