Don't let the many varieties of British legal reaction to the News of the World phone-hacking scandal fool you: News Corp. is an American company, and therefore subject to good old American justice.
News Corp. (NWS) was sent a letter by U.S. prosecutors investigating foreign bribery, requesting information on alleged payments employees made to U.K. police for tips, a person with knowledge of the matter told Bloomberg.
The letter is part of an effort by the U.S. Justice Department to determine whether News Corp. violated the Foreign Corrupt Practices Act, or FCPA, according to the person, who declined to be identified because the matter isn’t public. News Corp. fell 1.7 percent on the news.
The inquiry advances an existing U.S. probe that is reviewing claims that victims of the Sept. 11, 2001, attacks had their phones hacked by News Corp. employees. The letter doesn’t carry the same legal force as a grand jury subpoena, which would compel a response under law...
Read all about it at http://www.bloomberg.com/news/2011-09-20/news-corp-said-to-get-u-s-letter-seeking-information-for-bribery-probe.html
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