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News Corp settles US hacking suit, buys company [View All]

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kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-17-11 09:26 PM
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News Corp settles US hacking suit, buys company
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Edited on Sun Jul-17-11 09:33 PM by kpete
News Corp settles US hacking suit, buys company
http://www.nytimes.com /...

In 2006 the state of Minnesota accused News America of engaging in unfair trade practices, and the company settled by agreeing to pay costs and not to falsely disparage its competitors.

In 2009, a federal case in New Jersey brought by a company called Floorgraphics went to trial, accusing News America of, wait for it, hacking its way into Floorgraphicss password protected computer system.

The complaint stated that the breach was traced to an I.P. address registered to News America and that after the break-in, Floorgraphics lost contracts from Safeway, Winn-Dixie and Piggly Wiggly.

(snip)
It settled with Floorgraphics for $29.5 million and then, days later, bought it, even though it reportedly had sales of less than $1 million.

http://www.nytimes.com/2011/07/18/business/media/for-ne...
http://www.dailykos.com/comments/995568/42426452#c265
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