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Eliot Spitzer Wants to Prosecute News Corp.

7/12/2011 4:48:45 PM

Tags: News Corp, Foreign Corrupt Practices Act, Eliot Spitzer, law, U.S. law, Department of Justice, media, Slate, David Doody

news-corpEliot Spitzer, the former governor of New York, doesn’t think News Corp.’s antics in Britain—hacking phones, interfering in a murder case, bribes—were restricted to the British Isles. No, that just doesn’t add up to him, given the back-and-forth travel across the pond of some of Rupert Murdoch’s executives and editors. But that’s just Spitzer conjecturing, and it’s not the reason he’s calling for News Corp. to be investigated in the U.S. by the Department of Justice. According to Spitzer, the media company has already violated a U.S. law—the Foreign Corrupt Practices Act. “Indeed,” Spitzer writes, “the facts as they are emerging are a case study for why the FCPA was enacted.” The law was put in place in the 1970s in an attempt to give some sort of ethical boundaries to international business. And even if infractions take place completely overseas, companies based in the U.S. can still be held accountable here. “So,” writes Spitzer, “acts in Britain by British citizens working on behalf of News Corp. creates liability for News Corp., an American business incorporated in Delaware and listed on American financial exchanges.”

Read the rest of Spitzer’s argument, including calling for News Corp.’s FCC licenses to be revoked should the company eventually be found liable, at Slate.

Source: Slate 

Image by Alex E. Proimos, licensed under Creative Commons.

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