NEW YORK, NY--(Marketwire - Jul 21, 2011) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of News Corporation ("News Corp" or the "Company") (NASDAQ: NWSA) common stock between March 3, 2011 through July 11, 2011 (the "Class Period").

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The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's business practices and concealed adverse material information. In particular, defendants knew or were reckless in not knowing that News of the World employees obtained information illegally through the hacking of cell phones. The Complaint further alleges that the Company's efforts to conceal and misrepresent said illegal activity intensified with News Corp's attempts to purchase British Sky Broadcasting Group plc.

If you are a member of the class and suffered a loss in News Corp stock, you have until September 16, 2011 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. To obtain additional information about your rights, contact Joseph Levi, Esq. either via email at or by telephone at (877) 363-5972, or visit

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171