Michael W. Stocker, a partner with law firm Labaton Sucharow LLP, New York, said, "The bottom line here is Rupert Murdoch has turned board independence into a joke, and shareholders are paying the price."
"Lawsuits brought by the companies current shareholders are trying to hold directors' feet to the fire," added Mr. Stocker, whose law firm is representing the Massachusetts Laborers' funds in the suit.
