The shareholder group accuses News Corp.’s board of failing to exercise proper oversight and take sufficient action since news of the hacking first surfaced at its subsidiary nearly six years ago. As many as 4,000 individuals may have been the targets of unlawful phone call intercepts, including British soldiers killed in Afghanistan and victims of terrorist attacks.

The latest allegations supplement a lawsuit originally filed in March 2011 in Delaware Court of Chancery. Shareholders challenge News Corp.’s $615 million purchase earlier this year of Shine Group Ltd., a UK film and TV production company run and majority-owned by Rupert Murdoch’s daughter Elizabeth Murdoch, whose windfall share of the sale came to $250 million. As the complaint notes, “[Rupert] Murdoch did not even pretend that there was a valid strategic purpose” for the Shine deal, as he proudly boasted that its goal was to bring his daughter back into the News Corp. fold so she could join his Board.

Grant & Eisenhofer P.A. is serving as co-lead counsel for plaintiff shareholders Amalgamated Bank, trustee for various LongView investment funds, along with Central Laborers Pension Fund.

Click here for a copy of the amended complaint.