The suit, which also alleged the company overpaid when it bought a television production company owned by Murdoch's daughter, Elisabeth Murdoch, was filed by Amalgamated Bank of New York
City, which owns 455,343 News Corp.
Trustees of Amalgamated Bank of New York
and the Central Laborers Pension Fund, who are both News Corp shareholders, have filed a lawsuit in a Delaware court seeking damages and a declaration that the board breached their fiduciary duty to shareholders.
Caprio, president and chief executive officer of the Amalgamated Bank of New York
, will be the featured speaker at the event.
Scott Gold, an attorney for Amalgamated Bank of New York
, read a two-page statement supporting Amalgamated's shareholder proposal.
Vallone, a Mayoral aspirant, will speak at the event's luncheon, sponsored by First Rochdale Cooperative NYC, Twin Pine Fuels, and the Amalgamated Bank of New York
The Dime Savings Bank of New York, Apple Bank for Savings, Astoria Federal Savings and Loan Association, HSBC Bank USA, HSBC (Republic), Independence Community Bank, Amalgamated Bank of New York
and Greenpoint Bank.
He is the first vice president of Amalgamated Bank of New York
, where he runs the commercial real estate finance division, which is responsible for financing construction and development projects.
GRC) played a key role in negotiating the first bank loan given by the Amalgamated Bank of New York
under its Housing Loan Program, to a HUD-supervised property in the New York region.