Murdoch's 100m plan to settle hacking cases before they get to courtQuicklink submitted By Amanda Lang Permalink
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|Rupert Murdoch's News International is thought to have prepared a legal fund of £100m to settle civil litigation actions brought by victims of the News of the World phone-hacking scandal ahead of a High Court showdown in the new year.
News International is understood to have earmarked the money to settle several high-profile cases, with some claimants likely to receive well above £1m, according to sources close to the situation. The litigation surrender fund is five times the £20m Wapping set aside in April when it ended five years of denial and admitted hacking had been rife at its best-selling paper. Since then the number of hacking cases has jumped from around 20 to about 55.
In total 800 people had voicemails intercepted by the NOTW, according to the Metropolitan Police, indicating that Mr Murdoch's UK newspaper group potentially faces hundreds more claims for damages.